Kerala Secures Rs 8.5 Billion UAE Investment for Tech Park

07 Nov 2025 CW Team

Kerala Chief Minister Pinarayi Vijayan announced on Wednesday that a Letter of Intent (LoI) has been signed with UAE-based Al Marzooqi Holdings FZC for a foreign direct investment (FDI) of Rs 8.5 billion in the Meridian Tech Park project at Technopark Phase III in Thiruvananthapuram.

In a post on X, Mr Vijayan said that the upcoming project is designed to promote sustainability and collaboration, and is expected to create over 10,000 jobs. He described the development as a symbol of Kerala’s vertical growth and its expanding global footprint in technology and innovation.

“With this project, Kerala’s journey to become a global innovation hub takes a bold leap forward,” the Chief Minister wrote. Later, in a Facebook post, he added that the Meridian Tech Park will mark a new milestone in Kerala’s technological progress, while also playing a pivotal role in strengthening the state’s IT and employment landscape.

Mr Vijayan emphasised that the campus will be developed to ensure access to artificial intelligence (AI) tools and research even for smaller enterprises, supported by a dedicated AI laboratory within the facility.

The Meridian Tech Park project is expected to serve as a catalyst for Kerala’s continued evolution into a technology-driven, knowledge-based economy, reflecting the government’s focus on attracting global partnerships and high-value innovation-led investments.

Infrastructure Urban

06 Jul 2026

ABS Marine Sees CRISIL Credit Rating Upgrade

ABS Marine Services has secured an upgrade to its long term and short term credit ratings from CRISIL, reflecting improved profitability and revenue growth through long term contracts. CRISIL moved the long term rating from BBB+/Stable to A-/Stable and revised the short term rating from A2 to A2+. The action signals strengthened financial metrics and operational resilience. The company benefited from durable client relationships with firms such as ONGC and Schlumberger. The rating decision followed stronger cash flows and an enlarged bank loan facility, which increased from Rs 3,705 million (m..

Project BRAHMANK Marks 16 Years Of Strategic Roads In Arunachal

Project BRAHMANK is marking 16 years of work to establish strategic road and bridge links across Arunachal Pradesh, maintaining and developing 811 kilometres of roads and nearly 86 bridges that range from small culverts to large steel and arch bridges. These transport links are described as critical for ensuring year-round movement of defence personnel, equipment and essential supplies while improving everyday travel for people in remote villages. The project balances national security requirements with regional development by focusing on reliable access in challenging terrain. Notable enginee..

Longleng CSOs Give One Week Ultimatum Over Two-Lane Highway

Civil society organisations (CSOs) in Longleng district have demanded immediate restoration of the deteriorating Changtongya–Longleng two-lane road and sought a detailed status report on the stalled construction within one week. The demand followed a consultative meeting convened under the Phom Peoples' Council (PPC) to discuss welfare and development concerns. PPC president YB Angam Phom said prolonged non-maintenance had caused hardship to commuters and affected transportation, local commerce and the district's development. The meeting urged authorities to undertake immediate restoration a..