The Adani Group is investing Rs 500 crore for a modern logistics park on a 70-acre plot in Ernakulam, Kerala’s industries and law minister P Rajeeve said.
The group has taken possession of the industrial plot, and the logistics park would mean hundreds of new jobs to locals, he added.
It will have many warehouses to be operated by private firms and Flipkart will be among the first to set up a facility. The Walmart-owned ecommerce firm is expected to get its facility up by December this year, sources briefed on the subject said. Flipkart did not respond to an email seeking comment.
The logistics park is coming up at Kalamassery, which is also the constituency that Rajeeve represents in the Kerala assembly.
The Adani Group will also be investing Rs 10,000 crore on phase II of the Vizhinjam deepwater multipurpose port in Kerala over the next three years. The government and the group together have invested Rs 7,900 crore under the first phase of the project built since 2015 under a public private partnership (PPP) model. In the second phase, the entire investment would come from the infrastructure conglomerate, officials said.
The group will also be investing Rs 2,000 crore on the redevelopment of the Thiruvananthapuram airport over the next five years.
The Adani Group, Rajeeve said, was stepping up its investments in Kerala, across sectors. The investments being made by the Adani Group is the highest ever Kerala has received in its history from a private player, with a potential to add thousands of new and supporting jobs in the years to come, people in the know said.
VIZHINJAM CONCLAVE
The government is holding a two-day Vizhinjam Conclave from January 28 ahead of the Invest Kerala Global Summit scheduled for February 21-22, the minister said, adding that the seaport in Thiruvananthapuram district would play a big role in shaping the state’s future, increasing its global connectivity and economic growth.
The government hopes to sign up about 20 investment agreements. The two-day event aims to explore industrial opportunities tied to the port and its ancillary industries, while also seeking investments in various other sectors, Rajeeve said. Representatives from multinational companies with substantial investments in port-related projects will participate, the minister added.
The conclave is expected to help generate employment in industries associated with port operations, Rajeeve said. It will also seek to initiate efforts to engage local communities and position Vizhinjam as a model for inclusive development.