Published On:March 6 2012
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INKEL to invest Rs.5,000 Crore on Infra projects in Kerala
Infrastructures Kerala Ltd (Inkel),has lined up various infrastructure projects in the State at an investment of Rs 5,000 crore in the next four years.
These include 11 projects comprising a tourism complex at Veli in Thiruvananthapuram and an Ayurveda manufacturing unit at Punalur for which the Government has the given in-principle approval, Mr T. Balakrishnan, Managing Director, Inkel, said here.
Inkel is developing a logistics park and commercial space at Angamally in 25 acres, where a 2.2 lakh sq ft commercial space will be ready for occupation by June, he said. A well-known FMCG company would set up 2.4 lakh sq ft of warehousing space. An agreement for this is now under finalisation, he added .
The company has also achieved the distinction of being the first to be awarded the PURA projects at Thalikulam and Tirurangadi, ahead of several other infrastructure companies. These projects involve an investment of Rs 235 crore over three years.