Kerala to Showcase More than 100 Projects
Kochi: In a determined attempt to ramp up industrial investments and provide a thriving environment for enterprises in the State, the Kerala Government has readied more than 100 credible projects that will be showcased before potential investors at the upcoming ASCEND 2020 Global Investors Meet.
Organised by Department of Industries, the high-profile event is scheduled for January 9-10 at LuLu Bolgatty International Convention Centre in Kochi.
The big ticket projects – a minimum of 60 projects from Industries Department and 40 from other government departments/agencies – will be presented before the prospective investors. Spanning diverse sectors, they include infrastructure, petrochemicals, defence, agro & food processing, electronic hardware, tourism & hospitality, port & harbour and aerotropolis projects. The other sectors in which attractive projects have been formulated are life sciences, fisheries and mobility.
The State Government has initiated new policies and procedures to improve ‘Ease of Doing Business’, tweaked the industrial policy, revised land assignment rules and introduced electronic platform for hassle-free interactions with the investors, industrialists and entrepreneurs.
“Kerala is witnessing a paradigm shift for harnessing industrial investments. It now ranks second among Indian states in the World Bank’s Investment Climate Index. We will aggressively pitch project profiles and the recent amendments to industrial licensing procedures at ASCEND 2020 to position Kerala as a hotspot for attracting investments from India and abroad,” said E P Jayarajan, State Industries Minister.
Among the major projects are Phase III of Kochi Metro Rail Project for extending the metro rail from Aluva to Angamaly with airport connectivity and Operation, Management & Development of Trivandrum International Airport through Public Private Partnership (PPP).
Also proposed is a Petrochemical Park exclusively for the petrochemical downstream industry on the FACT (Fertilisers and Chemicals Travancore) premises at Ambalamugal, which is expecting investments in the field of automobile industry, plastic, pharmaceuticals, textiles and consumer durables. The other projects in the petrochemical sector include a PVC manufacturing facility of 1,50,000 TPA capacity and setting up of a manufacturing unit of superabsorbent polymer of 60,000 TPA capacity in Kochi.
Another ambitious project is the Electronics Hardware Park, which is proposed to be set up on 100 acres of land at Amballur with KSIDC as the nodal agency.
It aims to promote manufacturing and assembling of electronic hardware and is estimated to attract investments worth Rs. 650 crore through manufacturing and assembling of electronic equipment.
Kerala is also trying to foray into defence sector in a big way by setting up KINFRA Defence Park that would be manufacturing rotary and fixed-wing aircraft, navigation technology, tactical vehicles, submarines, naval warships, defence IT systems, space robotics equipment, microsatellites and unmanned systems.
Some other high-profile projects that could attract investments are the Rs. 434-crore Tourism and Trade City in Kannur; a Bio 360 Life Sciences Park in the State capital; a Cryogenic Warehouse in Puthuvypeen for perishable goods like vegetables, meat and fish and also for pharma products; development of an air taxi network across the State; and an aerotropolis comprising an airport city core and clusters of aviation-linked businesses.