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Time of India
4 days ago
- Business
- Time of India
TCCI acts to unlock Vizhinjam port potential
T'puram: Close on the heels of Tamil Nadu govt's move to acquire 2,200 acres in Tirunelveli for industries connected to the Vizhinjam port, the Trivandrum Chamber of Commerce and Industry (TCCI) has taken a proactive step. It has launched an initiative to connect landowners with potential investors near the Vizhinjam International Seaport, seeking to address Kerala's delay in identifying suitable land parcels in Thiruvananthapuram district. A few days after TOI published an article on Kerala falling behind Tamil Nadu in capitalizing on the port's potential, TCCI issued a public call inviting landowners and govt-approved real estate firms to submit details of properties located within a 15-km radius of the port. The chamber is seeking proposals for land that can be offered under outright sale, lease, or joint venture models. According to TCCI President SN Raghuchandran Nair, the initiative aims to address growing interest from both domestic and international investors keen to establish operations near Vizhinjam but hampered by the lack of readily accessible and suitable land. "Our goal is to assist serious investors by connecting them with verified landowners and brokers. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Ingin Tahu Tentang Diagnosis Limfoma? Dapatkan Info Selengkapnya Limfoma Baca This is to support economic development around Vizhinjam, one of India's most significant port projects," he said. Landowners must submit detailed information including location, size, ownership, access road width and other specifics. Only properties with a minimum of 50 cents and at least a minumum 7-metre-wide access road will be considered. The land should not fall under restricted zones such as paddy fields, wetlands, or environmentally sensitive areas. The announcement comes as Kerala struggles to match Tamil Nadu's aggressive port-linked development strategy. While Tamil Nadu has already demarcated 2,200 acres, Kerala has managed to identify just about 100 acres near the port through Kinfra, with further land acquisition efforts still in negotiation stages.
Time of India
08-07-2025
- Business
- Time of India
Kerala falls behind while TN eyes Vizhinjam port windfall
Thiruvananthapuram: While the Kerala govt continues to struggle with land acquisition for industries near the Vizhinjam International Seaport, neighbouring Tamil Nadu has moved swiftly to capitalise on the port's potential. The Tamil Nadu govt recently approved four new SIPCOT industrial parks in Tirunelveli district—just across the border and within easy reach of Vizhinjam. A govt order has been issued to acquire over 2,260 acres of land for two parks in Nanguneri. A third park is planned at Moolakaraipatti, while Phase 2 of the existing SIPCOT park in Gangaikondan is ready for launch. All these parks are being developed to utilize the potential of Vizhinjam Port. Meanwhile, social media in Tamil Nadu has been abuzz with posts highlighting these new industrial developments, positioning south Tamil Nadu as the prime beneficiary of Vizhinjam's transhipment traffic and economic potential. Many posts underline the proximity of these parks to the port, promoting it as a strategic advantage—especially since the state missed out on developing a port at Enayam or Colachel. In stark contrast, Kerala has so far identified only about 100 acres near the port through Kinfra, with land negotiations still ongoing in other areas of Thiruvananthapuram district. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Gold Is Surging in 2025 — Smart Traders Are Already In IC Markets Learn More Undo A senior Kerala govt official, speaking on condition of anonymity, acknowledged that Tamil Nadu, which has large land parcels available, is seizing the opportunity and attracting investors by offering competitive lease rates—between Rs 70 lakh and Rs 1 crore for 99 years. "This will adversely impact Thiruvananthapuram's industrial prospects. Major investments may shift to Tamil Nadu if Kerala fails to act swiftly on port-led industrialisation," the official said. APM Mohammed Hanish, principal secretary of the industries department, said Kerala envisions a port-based development corridor stretching from Palakkad to Vizhinjam. "Just as industrial parks are coming up in Tirunelveli and Tuticorin, we already have one in Palakkad. The distance from Palakkad to Thiruvananthapuram is only six hours. The port's impact should extend along this corridor," he said. He added that Kinfra has identified 150 acres a few kilometres away from Vizhinjam Port and the govt is looking for land in Thiruvananthapuram district. At the recent Invest Kerala summit, several investors expressed interest in setting up units near Vizhinjam. Dubai-based Sharaf Group offered to invest Rs 5,000 crore in an Inland Container Terminal. However, the govt asked them to find suitable land on their own. Kinfra had identified about 340 acres in areas like Neyyattinkara, Balaramapuram, Kattakada and Kuttichal, but most of this land still lacks official clearance.
The Hindu
04-07-2025
- Business
- The Hindu
20.8% of proposed projects at Invest Kerala Global Summit are operational: P. Rajeeve
Eighty-six projects with a total investment of ₹31,429.15 crore which were promised at the Invest Kerala Global Summit in February this year have become operational till now, Industries Minister P. Rajeeve said here on Friday. Speaking at a press conference on the progress of the projects for which Expression of Interests were received at the summit, he said that out of the 424 projects with a total investment of ₹1.77 lakh crore, work on 20.8% have begun. According to Mr. Rajeeve, on the completion of the 86 projects, 40,439 jobs are expected to be created. Out of the remaining projects which are yet to be started, 268 have already got the required land while 156 are yet to get land. Among those which got land, a total of 29 projects require land conversions or various exemptions to go ahead with their work. Speaking further on the plans for the months ahead, he said that projects worth ₹1,500 crore will begin operations in July, while projects worth ₹1,437 crore are expected to begin in August. A total of ₹1,011 crore investment projects have come across all the eight Kerala Industrial Infrastructure Development Corporation (Kinfra) parks. 'In July, projects worth ₹1,500 crore will commence while in August ₹1,437-crore investment projects are expected to begin. A total of ₹1,011-crore investment projects have come in all the eight Kinfra parks,' he said. Mr. Rajeeve said that the foundation stone for Bharat Biotech's new project will be laid at the Kerala State Industrial Development Corporation (KSIDC) Park in Angamaly. Adani Logistics will set up a logistic park in Kalamassery at a cost of ₹600 crore. IBM has taken over two floors of the Lulu IT Twin Towers, developed by the Lulu Group, at SmartCity, Kakkanad. With this centre becoming operational, Kerala will become one of the biggest centres of the company in India with over 5,000 employees. A dedicated Advisory group, chaired by the Industries Minister, has been formed for monitoring project implementation, coordinating across departments and resolving issues swiftly to enable seamless execution. Principal Secretary, Industries, is the Vice-Chairman and KSIDC MD is the convener of this body, which has representatives of industry and trade bodies, renowned industrialists, and senior government officials as members. The committee meets every two months. The industrial land web portal, has been launched to create a database of land available in the State for industrial purposes, said the Minister. A five-step escalation protocol has been introduced to ensure the timely resolution of investor issues. These include: initial resolution at the nodal officer level, engagement with concerned departments, formal communication if unresolved, escalation to the Secretary level. and, if still pending, final escalation to the minister concerned.
Time of India
01-07-2025
- Business
- Time of India
Kalamassery to get ‘farm to kitchen' project
Kochi: Industries minister P Rajeeve on Tuesday announced that a 'farm to kitchen' project, which involves collecting farmers' products and delivering them directly to homes via refrigerated vehicles, would be launched this month at Kalamassery. The minister was speaking at the inauguration of a vegetable seed planting event organised as part of Krishikkoppam Kalamassery initiative. The minister said the project was being implemented with the support of various departments. "As part of the project, different organisations under the cooperative sector are effectively involved in various activities, leading to the large-scale introduction of value-added products to the market. This time, gatherings and cultural programmes have been planned along with the promotion of the farm sector," the minister said. He added that with the establishment of a food processing park led by Kinfra on a 30 acre in Kunnukara panchayat and a food processing park with an investment of Rs 500 crore by LuLu Group at Kalamassery, the living standards of farmers in the area would improve. TNN Get the latest lifestyle updates on Times of India, along with Doctor's Day 2025 , messages and quotes!
New Indian Express
20-06-2025
- Business
- New Indian Express
Travancore Rayons land: Kerala govt lowers value of 30-acre plot to attract investors
KOCHI: The weed-overgrown land that once housed the Travancore Rayons unit at Perumbavoor moved one step towards redemption with the state cabinet revising downwards the land value for 30-acre land to Rs 12.28 crore from Rs 64.13 crore pegged earlier. The revised land value was arrived at for the land in partial possession with Kerala Industrial Infrastructure Development Corporation (Kinfra). The state cabinet made the decision at its meeting held on Wednesday. A total of 68 acres of land has been lying unattended and restricted in the heart of Vallam in Perumbavoor more than two decades after Travancore Rayons shut down its operations in July 2001. Welcoming the decision, Santhosh Koshy, managing director, Kinfra, told TNIE that the corporation will pay the requisite amount to the authority concerned and take possession of the land after the revenue department issues the government order on new land value. He expressed confidence that the lower land value would be attractive to the investors who want to come and set up infrastructure in the property. 'Higher land value was a deterrent. Since the investor would have to not only pour in money to acquire land but also cough funds to establish the infrastructure,' he added. According to Koshy, the remaining 38 acres of land that belonged to Travancore Rayons is still tangled in legal issues and is under the jurisdiction of Kerala High Court's liquidator. 'We expect that the issues will be solved in five to six months. Once that happens, the 38 acres too would be taken over by Kinfra for the industrial park,' he added.
