86 projects signed at investor meet enter construction phase, says Kerala industries minister Rajeev
Invest Kerala Global Summit
held in Kochi on February 21-22.
These projects are expected to add 40,439 new jobs across the state. Over 20% of companies that initially showed interest have already begun investing, the minister said in a post on X.
The combined value of these active projects stands at Rs 31,429 crore, Rajeev said. 'This rapid transition from proposals to execution signals strong investor confidence. Kerala is building a future rooted in advanced technology and high value employment. The momentum is real, and we're committed to taking it further.'
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The two-day event had received investment proposals worth Rs 1.53 lakh crore in a sign of investor confidence in the coastal state's
investor friendly policies
, the minister said. 'Now it is our responsibility to transform every interest into reality. For Kerala and for Keralites, we will give our maximum effort to make this state a hub of knowledge industries and high-tech industries,' the minister said after the summit.
While opening the investors meet, Chief Minister Pinarayi Vijayan had said no investor need return for the reason of non-availability of land in Kerala, though land was a scarce resource in Kerala. He also added that no investor coming to Kerala will have to face the cobweb of procedural delays and meet the barriers of red tape.
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