Kochi: Keeping pace with the government’s policy on employment generation, INKEL Greens at Malappuram, an integrated space designed to house quality educational services and environment-friendly industries, is set to create about 5,000 jobs within next the two years.
As many as 26 companies and five educational institutions have lined up investments worth Rs. 130 crores and Rs. 70 crores respectively, and have started setting up their infrastructure at the park which has been developed by the Kerala Government’s PPP initiative INKEL Limited.
Spread over 168 acres at Panakkad in Malappuram, INKEL Greens has a dedicated industrial zone called ‘SME Park’ and an educational zone called ‘Edu City’.
“The government promised to create 25 lakh job opportunities in the next five years and we are doing our bit to support this. Discussions are on with other major companies and educational institutions for setting up their facilities at INKEL Greens. We have set 2018 as the deadline to complete this,” said T Balakrishnan, Managing Director of INKEL.
He added that INKEL has already signed agreements with companies including the MES Group, Atlas Ideal, Fayeda Group, SSG Group, VKC Elastomers, Capstone Ventures, KMCC, Rafmoh Gold, Ajfan Foods, Duratec and Samastha. Many of them have started construction activities in the zone.
While the MES Group will set up a Skill Development Centre, 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 which has started functioning.
“We have so far invested Rs. 40 crores for developing the infrastructure and support facilities and in the process of adding up more,” he MD added.
At the SME Park, INKEL had constructed five factory buildings where VKC group is operating a large footwear manufacturing unit employing around 400 people.
Kerala Biz News