INKEL in talks with firms for Rs. 1,000 crores investment at Malappuram


Kochi: Aimed at developing Kerala as an educational and industrial hub, INKEL Limited has initiated talks to bring an investment of Rs. 1,000 crores from the country’s large industrial houses and educational institutions to its mega park being promoted jointly with Kerala State Industrial Development Corporation.

Top-level discussions are on with major industrial houses, and the public-private partnership initiative will invest an additional Rs. 50 crore at its park ‘INKEL Greens’ at Panakkad in Malappuram to ready it for the companies to move in.

T Balakrishnan, MD, INKEL said, “We are targeting Rs 1,000-crore investment; discussions are on with other major companies and educational institutions for setting up their facilities at the park spread across 168 acres of land. We have set 2018 as deadline year to achieve the target. We have so far invested Rs 20 crore for developing infrastructure facilities and an additional Rs 50 crore will be made for allied infrastructure and support facilities.”

The 2007 established PPP initiative INKEL has been developing Inkel Greens with an industrial zone called ‘SME Park’ and an educational zone called ‘Edu City’.

While 17 companies have already lined up an investment of Rs 80 crore in the SME Park, six major educational groups have started to set up their institutions at the Edu City with an investment of 50 Cr.

Balakrishnan said that pacts have already been signed with companies like MES Group, Atlas Ideal, Fayeda Group, SSG Group, VKC Elastomers, Capstone Ventures, KMCC, Rafmoh Gold and Ajfan Foods,Duratec, Samastha etc and many of them have started construction activities. “By 2017, we expect the SME Park alone to generate employment to 1,400 people.”

While MES Group will set up a Skill Development Center, Atlas Ideal will construct an International School of Commerce. The campus will also have a pharmacy college set up by Fayeda Group apart from a Gem and Jewellery institute by SSG group. At the SME Park, INKEL had constructed five factory buildings where VKC group is operating a large footwear manufacturing unit employing around 400 people.

INKEL Greens is being developed with extreme care for greenery and has state-of-the-art water harvesting and waste management facilities.

Kerala Biz News


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