A total of 66 companies submitted expressions of interest (EoIs) for investments exceeding Rs 5 billion. The summit strengthened investor confidence in Kerala’s industrial potential, marking a new phase of economic development. Other major investment commitments included Hi Lite Group (Rs 100 billion), Tofl Pathanamthitta Infra (Rs 50 billion), Lulu Group (Rs 50 billion), Monarch Surveyors and Engineering Consultants (Rs 50 billion), Sri Avantika International (Rs 43 billion), and Bharat Petroleum Corporation (Rs 9 billion), among others.

To ensure the effective implementation of these proposals, the state government will establish a special committee for framing fresh guidelines on plantation land utilization. Additionally, a minister-level committee will oversee land rule exemptions. A fast-track mechanism will be introduced to facilitate the execution of each EoI, with immediate follow-up beginning the next working day. A dedicated dashboard and structured monitoring system will be set up, assigning nodal officers and conducting periodic reviews chaired by the chief secretary and the Chief Minister.

News source: Business Standard