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Kerala Unveils State-of-the-Art International Exhibition Center in Kakkanad

A Landmark in Economic Development and Investment Promotion

 

The inauguration of an international exhibition center in Kakkanad by the Kerala Chief Minister marks a significant milestone in the state’s industrial landscape. This center, established under the auspices of the Department of Industries and Commerce and overseen by Kinfra, represents the state’s first dedicated venue for hosting exhibitions and business events. Notably, the center was completed a month ahead of schedule, reflecting efficient project management.

Chief Minister Pinarayi Vijayan
Chief Minister Pinarayi Vijayan

Chief Minister Pinarayi Vijayan emphasized Kerala’s commitment to attracting responsible and sustainable investments, considering factors such as limited land availability. He highlighted the potential of emerging enterprises, particularly in fields like Artificial Intelligence and data mining, to contribute to the state’s economic growth. The government has implemented measures such as concessions and incentives to facilitate new investments and improve the business environment.

The international exhibition center, part of a larger marketing complex that will include a convention center slated for completion in August, represents a significant investment totaling ₹90 crore. The exhibition space, spanning 55,000 sq. ft. and constructed at a cost of ₹40 crore, is divided into six modules, offering flexibility for various exhibitions and events. Additionally, amenities such as locker rooms and specialized exhibition areas for high-value products like gems and jewelry are incorporated into the design.

Minister of Industries, Law and Choir, P Rajeev

The Minister of Industries, P. Rajeev, highlighted the substantial investments, amounting to ₹1,956 crore, attracted to Kinfra parks over the past 2.5 years, predominantly from local entrepreneurs. He also noted the establishment of 352 new enterprises during this period, underscoring the state’s conducive environment for business growth. The expansion of private industrial estates is expected to further enhance the availability of industrial space and bolster the investment climate in Kerala.

During the inauguration ceremony, senior officials from the industries department nand Kinfra, including Suman Billa, Principal Secretary, Industries & NORKA, Mohammed Hanish, IAS, and Santosh Koshy Thomas, Managing Director KINFRA, expressed their optimism about the center’s potential to stimulate economic activity and promote industrial development in the state.

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