Panattoni to Develop Rs 800 Crore Logistics and Industrial Park in Kochi

Panattoni, an industrial real estate developer, has announced plans to establish a Rs 800-crore Grade A+ logistics and industrial park in Kochi's Edayar Industrial Area. This project, in partnership with Edayar Zinc, will unfold in two phases. The first phase will cover 20 acres and include 5.2 lakh sq ft of infrastructure, catering to sectors like e-commerce, FMCG, third-party logistics, and pharmaceuticals.

The construction of this facility is set to commence in February next year, with the first phase expected to be operational by February 2027. This venture marks Panattoni's debut in Kerala and will serve as the anchor project within the Kerala Logistics & Industrial City (KLIC). KLIC is an initiative by Edayar Zinc aimed at positioning Kochi as a global hub for industrial and logistics investment.

Kochi's Strategic Role in Industrial Growth

Rajiv Sinha, CFO of Panattoni India, highlighted Kochi's strategic location, industrial heritage, and connectivity as key factors making it an ideal hub for development aligned with India's manufacturing goals. The project aims to leverage these advantages to foster regional growth and enhance supply chain efficiency.

Future developments at KLIC include the Global Machinery, Equipment and Technology (GMET) corridor. This platform is designed to unite global OEMs, technology providers, and industry leaders. Additionally, the Industrial Gala will offer state-of-the-art spaces for manufacturing and related operations.

Commitment to Sustainable Development

Norbert Sumislawski, Managing Director for International Project Management at Panattoni, stated that this partnership with Edayar Zinc Ltd demonstrates a shared commitment to developing sustainable logistics infrastructure. "The Kochi project exemplifies our model of combining global expertise with local entrepreneurship to unlock industrial potential," he said.

The Kerala government's industrial and logistics policies support this development. It aims to redefine regional connectivity and accelerate economic growth across southern India. The project is expected to host over 50 industrial units and create more than 5,000 jobs.

Investment and Economic Impact

Mohamed Bismith, Managing Director of Edayar Zinc Ltd, noted that KLIC is designed to become a self-sustaining ecosystem driving sustainable industrial progress. With over Rs 1,500 crore projected investments from various projects, it aims to propel Kerala's next phase of economic development.

The comprehensive amenities planned for KLIC will integrate world-class infrastructure with sustainable planning. This approach positions KLIC as a future-ready industrial ecosystem that supports diverse industries while fostering economic growth in the region.

With inputs from PTI