A new Logistics center is proposed in Kochi. To be completed by June this year, the proposed project was discussed by industry minister P Rajeeve in Thiruvananthapuram with a private group on Tuesday.
The meeting was held as part of the ‘Meet the Investor’ initiative, a series of meetings between the industry minister and investors to promote new ventures in the state. The course was introduced last year.
A decision to accelerate the process of establishing the park for which a private corporation has already acquired the property had been made in the meeting, the minister informed while emphasizing that the group will disclose the exact location as the project is in the initial stages of construction.
The upcoming park can be expected to extend its area in the second phase of the project, as per the minister.
To be completed in a six-month time frame, the park will be looking into the possibility of a single-window clearing system, provide employment for at least 2,000 people, and will likely attract an investment of Rs 500 crore in the initial phase.
The park’s alliance with several well-known brands would have a huge effect on the industry and economy. The park is projected to feature more companies.