Sat Feb 22 07:42:41 UTC 2025: ## Kerala Attracts Major Investments at Global Summit

**KOCHI, Kerala –** Kerala is experiencing a surge in investment commitments following the successful two-day Invest Kerala Global Summit (IKGS) in Kochi. The summit showcased the state’s pro-business environment and attracted significant investment pledges across various sectors.

Key announcements include:

* **Tata Group’s** ₹500 crore investment in a joint venture with Malabar Cements for boat building.
* **UAE-based Sharaf Group’s** massive ₹5,000 crore investment in Kerala.
* **Aster DM Healthcare’s** planned ₹850 crore investment over the next three years.

The Kerala government also unveiled plans for a new emerging technology hub, to be developed by the Kerala Startup Mission with a ₹300 crore investment. This hub will focus on five key areas: space, health, renewable energy, agriculture, and digital media. The initiative aims to build a skilled workforce through collaborations with over 100 technical institutions and the Information and Communication Technology Academy of Kerala.

Rathan U. Kelkar, Secretary, Department of Electronics and IT, Kerala, highlighted the state’s commitment to fostering a supportive ecosystem for technology growth. This includes significant investments in infrastructure, both physical and human capital, as evidenced by the ₹1,500 crore digital science park, the foundation stone of which was laid by the Prime Minister. Kelkar emphasized the collaborative approach, bringing together industry, academia, and government to leverage advanced technologies and support startups. The summit underscored Kerala’s ambition to become a leading technology hub in India.

Read More