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The Adani Group is set to invest Rs 5 billion in developing a modern logistics park on a 70-acre plot in Ernakulam, according to Kerala’s industries and law minister, P Rajeeve. He mentioned that the group has already acquired the industrial land, and the project is expected to create hundreds of new jobs for the local community.
The logistics park, located in Kalamassery, will feature several warehouses operated by private firms. Among the first companies to establish a facility there will be Flipkart, the matter revealed. However, Flipkart did not provide a response to an email inquiry regarding the development.
In addition to the logistics park, the Adani Group is committing Rs 100 billion to the second phase of the Vizhinjam deepwater multipurpose port in Kerala, over the next three years.
The first phase, constructed under a public-private partnership (PPP) model since 2015, involved a combined investment of Rs 79 billion from the government and the group.
Officials stated that the second phase would be entirely funded by the Adani Group.
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