INKEL woos investors

Talks on to garner investment of Rs.1,000 crore

Updated - June 06, 2015 05:44 am IST

Published - June 06, 2015 12:00 am IST - KOCHI:

INKEL Limited has initiated talks to garner an investment of Rs.1,000 crore from the country’s large industrial houses and educational institutions for its mega park being promoted jointly with the Kerala State Industrial Development Corporation.

Top-level discussions are on with major industrial houses, and the public-private-partnership initiative will invest an additional Rs.50 crore at its park Inkel Greens in Panakkad, Malappuram, to ready it for the companies to move in, says a press release.

“We are targeting Rs.1,000-crore investment; discussions are on with other major companies and educational institutions for setting up their facilities at the park .We have set 2018 as deadline year to achieve the target,” said INKEL Managing Director T. Balakrishnan.

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