Invest Kerala Global Summit becomes huge success; state secures investment offers worth 1.52 lakh crore

KOCHI: The Invest Kerala Global Summit has been a remarkable success, with Kerala securing investment offers amounting to Rs 1,52,905.67 crore. Of this, agreements and letters of intent worth Rs 1,15,747 crore have already been signed. A total of 374 companies have shown readiness to invest, which is expected to create lakhs of job opportunities. 24 existing IT companies will implement development projects worth Rs 8,500 crore, creating an additional 60,000 job opportunities.

The largest investment secured was from the Adani Group, with a Rs 30,000 crore project. The second-largest investment was from the HiLITE Group of Kozhikode, amounting to Rs 10,000 crore. Lulu Group also announced a Rs 5,000 crore investment on Sunday.

A total of 54 companies signed investment documents over the two days. Industrial Minister P. Rajeev stated that agreements will be signed with other companies after further discussions. Once the project report is prepared, the companies that have signed the memorandum of understanding (MoU) will enter into a formal contract with the government.

Pink Park for women entrepreneurs
The government will establish a Pink Park for women entrepreneurs. A global investor summit will be organized every three years. In addition, a conference for entrepreneurs from Dubai, led by the UAE government, will be held in Kerala in July 2026. A significant number of entrepreneurs interested in investing in Kerala are expected.

Task Force for follow-up actions

• A ministerial committee will resolve legal issues and obstacles related to land availability.
• A special task force will be set up for further discussions with investors.
• Nodal officers will be appointed for each priority sector.
• Further discussions will be conducted within a specified time frame under the leadership of the Chief Secretary.
• Meetings under the Chief Minister’s leadership will evaluate progress.
• Entrepreneurs will have access to a toll-free number and email for follow-up actions.

Prominent companies that signed memorandum of understanding and their investment amounts (in crores)

Adani Group: ₹30,000
Highlight Group: ₹10,000
Lulu Group: ₹5,000
Monarch Surveyors: ₹5,000
Sharaf Group, Dubai: ₹5,000
TOFL Pathanamthitta Infra: ₹5,000
Avantika International: ₹4,300
Cherry Holdings: ₹4,000
NRJ Corporation: ₹3,600
Prestige Group: ₹3,000