The Adani Group is putting Rs 500 crore (that’s a lot of money!) into a new logistics park on a 70-acre land in Ernakulam, Kerala. The local industries and law minister, P Rajeeve, shared this exciting news. The group has already taken over the land and this park is expected to create hundreds of new jobs for people in the area!
Many private companies will set up warehouses there, and Flipkart (which is part of Walmart) will be one of the first. Sources say Flipkart plans to have its facility ready by December this year. However, Flipkart has not replied to emails asking about this.
This logistics park will be built in Kalamassery, which is also where Rajeeve represents the people in the Kerala assembly.
But that’s not all! The Adani Group is planning to invest Rs 10,000 crore in the second phase of the Vizhinjam deepwater port in Kerala over the next three years. Both the government and the Adani Group worked together to invest Rs 7,900 crore in the first phase since 2015. The second phase will be fully funded by Adani.
Additionally, the group will spend Rs 2,000 crore to improve the Thiruvananthapuram airport over the next five years. Rajeeve highlighted that this is the largest investment from a private company in Kerala’s history, which could bring thousands of new jobs.
In late January, the government will host a two-day Vizhinjam Conclave to discuss investment opportunities linked to the new port. It will happen before the Invest Kerala Global Summit on February 21-22. The port will help Kerala grow economically and connect better with the world.
The government aims to sign around 20 investment agreements during this conclave, exploring opportunities across different industries. Many big international companies interested in port projects will join in. This event is an opportunity to create jobs in various sectors while also involving the local communities to make Vizhinjam a great example of shared development.
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