Inkel seeks private partners for infra project in Kochi

Inkel Limited, a Kerala government initiative to develop industrial and commercial infrastructure facilities, now proposes to construct the second phase of industrial space (Inkel Tower -2) at Angamaly here with the private participation.

The proposed building will have all modern facilities that will enable the prospective clients/tenants to start their business without further investment in infrastructure like water, power, road and rail access. Inekl has already invited request for participation (RFP) from reputed investors, developers, companies and individuals for setting up the tower on 2.45 acres of land under a developer agreement.

The last date for the submission of documents is July 3, a press release said.

Inkel and the Kerala State Industrial Development Corporation (KSIDC) have around 50 acres of land adjacent to Telk Angamaly and Champannoor Industrial Area. Inkel officials said the excess demand generated from Tower-1 can be booked for Tower-2. The proposed facility is very close to Cochin International Airport and 35-km from the seaport at Vallarpdam. A dedicated 750-metre approach road is being laid to the site from NH 47. Angamaly Railway station is only 700-metre from the site.

Inkel is a public-private partnership (PPP) initiative, which brings together government agencies, and global investors and NRI industrialists and businessmen in the area of infrastructure development.

Inkel proposes to commission the second phase in 24 months. It had commissioned the first phase in an area of 3 acres in September last year. Around 100,000 sft of this building had already been leased out and commercial activities are on. The allotment of space in this tower will be completed by September this year.

Four companies, including a Chinese firm, had leased out 60,000 sft of space here. The Chinese company will assemble electric scooters for marketing in India. The 5-storied building with 220,000 sft of space is available on a long-term lease of 30 years or for monthly rentals, in standard design modules (SDM) of 5,000 sft each. Total investment for the project is Rs 20-crore.

The new tower is envisaged as a hassle-free hub with support facilities like electricity, water, parking etc and an ideal location for all non-polluting enterprises /services to start their business.