Kerala attracts proposals worth Rs 1.53 trn from firms in investors' summit

IKGS had a total of 30 special sessions, in addition to an engaging exhibition featuring over 100 enterprises reflecting the focus sectors

Kerala has attracted investment proposals worth ₹1.53 trillion from 374 companies during the two-day global investors summit, with the largest commitment of ₹30,000 crore coming from the Adani Group.

 

State industries minister P Rajeeve said during the February 21-22 Invest Kerala Global Summit 2025 (IKGS), a total of 24 information technology companies have expressed interests in expanding operations with an additional investment of nearly ₹8,500 crore and additional employment of 60,000.

 

About 66 companies have submitted expression of interest (EoI) for investments to the tune of over ₹500 crore. Terming it as a “new beginning”, he said IKGS 2025 has enhanced the confidence of investors in the potential of the state.

 

 

Other major investment commitments came from Hi Lite Group (₹10,000 crore), Tofl Pathanamthitta Infra (₹5,000 crore), Lulu Group (₹5,000 crore), Monarch Surveyors and Engineering Consultants (₹5,000 crore), Sri Avantika International (₹4, 300 crore), and Bharat Petroleum Corporation (₹900 crore), among others. 

 

Noting that the government is looking for “realistic” investment proposals, the minister said a special committee will be constituted for framing fresh guidelines for the utilisation of plantation land and also a minister-level committee will be set up to give exemptions from the land rules.

 

Rajeeve informed that the government will establish a fast-track mechanism for carrying forward each EoI made at the summit. Further work on these proposals will begin from the next working day onwards. A special dashboard and mechanism will also be set up for the following up of these proposals.

 

“I would like to assure the business community that there is a specific structured mechanism for proper professional follow-up of each EoI. A nodal officer will be assigned and a committee chaired by the chief secretary will do the periodic review. The Chief Minister will hold review meetings to evaluate the progress of the EoIs,” Rajeeve said.

 

He said a dedicated investor toll free number and email Id will be notified towards expediting the implementation of new investments, diversification and expansion of the state’s limit. 

 

“Kerala was able to complete the infrastructure development projects of the Centre in a time-bound manner. This has helped the state to make progress in the industrial sector and create an investment-friendly milieu,” said George Kurian, Union minister of state for minority affairs.

 

Around 3,000 global industry leaders, planners, policymakers, entrepreneurs, prospective investors and delegates from 26 countries converged at IKGS 2025.

 

The event also saw country-focused sessions that explored investment opportunities from six countries, including Germany, Vietnam, Norway, UAE, France and Malaysia. Besides, ambassadors from various countries also attended the summit.

 

IKGS had a total of 30 special sessions, besides an engaging exhibition of 100 plus enterprises, reflecting the focus sectors. It showcased Kerala’s industrial success stories, public sector enterprises and an attractive display of handicrafts from Kerala’s traditional sectors.