Major companies including Adani Group and US-based industrial real estate company, Panattoni, are planning to set up logistics parks in Kochi, Kerala, reported the New India Express, citing Industries Minister P Rajeeve.
California-based Panattoni has chosen a 100-acre plot at Edayar Industrial Estate for its logistics park. The project is in the final stages of discussion, and work is expected to begin soon.
Adani Group plans to invest ₹500 crore to develop a logistics park on a 70-acre space near HMT in Kalamassery. The park will feature state-of-the-art warehouses and is expected to create hundreds of new jobs.
E-commerce giant Flipkart is nearing completion of its facility at Kalamassery Park, which will become operational by the end of the year.
A Bengaluru-based company is setting up a third logistics park at Parakadavu, Angamaly, covering an area of 2.5 lakh sqft. The logistics parks will enhance Kochi's infrastructure and connectivity, making it an attractive location for businesses
Kochi's warehousing market has seen significant growth, with transaction volumes increasing by 239% to 0.9 million sqft in 2022-23 from 0.3 million sqft the previous year.
Industries Minister P Rajeeve highlighted that Kochi's proximity to Cochin Port and Vizhinjam Port makes it an attractive location for logistics parks. He highlighted Kochi's strategic location, proximity to Cochin Port, and easy access to Vizhinjam Port as key attractions for setting up logistics parks. He also mentioned that the projects will help create hundreds of new jobs.
The Flipkart facility at Kalamassery Park is nearing completion and is expected to become operational by the end of the year, generating around 1,000 direct and 3,000 indirect jobs.
This development is a significant step towards boosting Kochi's logistics sector and creating new job opportunities.
Kerala State Industrial Development Corporation (KSIDC) has developed multiple logistics parks across the state to support industrial growth and enhance connectivity. Kalamassery Logistics Park is located near Kochi and is a key hub for warehousing and distribution activities. Edayar Industrial Estate is an another important logistics park in the Kochi region, providing essential infrastructure for various businesses.
Situated in Angamaly, Parakadavu Logistics Park is part of the ongoing development projects in the region.
These parks are strategically located near major transportation hubs, including Cochin Port and Vizhinjam Port, enhancing their accessibility and efficiency.
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