Thiruvananthapuram: Kerala Industries Minister P Rajeev on Thursday said that there is a purposeful attempt to tarnish the investment-friendly image of the state, and contrary to allegations many investors like TCS, V-Guard, and Lullu Group are gearing up to start their ventures in the state.
Giving a list of new investments coming in Kerala, Industries Minister told the Kerala Assembly that Tata Consultancy Service (TCS) will sign an MoU with Kerala Industrial Infrastructure Development Corporation (KINFRA) for Rs 1350 crore.
“The TCS project will be coming up in 36.38 acre land. The first phase will see an investment of Rs 600 crore and in the second phase Rs 750 crore. The TCS board that met on July 14 has given its approval for the same,” he said.
Regarding other investments, he said V Guard Industries is investing Rs 120 crore while Lulu Group Ra 700 crore for an Electronic Ware House.
Hinting at the row over Kitex group deciding to wind up its business in Kerala…