Panattoni, Adani to set up logistics parks in Kochi

The state government is taking major steps for explosive growth, and a slew of major companies, including US-based Panattoni and Adani Group, are identifying Kochi and its suburbs for establishing logistics parks. The companies have identified Kalamassery, Edayar, and Parakadavu in Angamaly for new projects that are expected to generate several hundred new jobs.Industries Minister P. Rajeeve announced that California-based Panattoni, a major player in Europe’s industrial real estate sector, has chosen a 100-acre plot at the Edayar Industrial Estate. He mentioned, "Talks are in the final stage, and work is expected to begin soon."Another significant project in Kochi comes from the Adani Group, which plans to invest ₹500 crore to develop a park on a 70-acre site near HMT in Kalamassery, according to the minister.In addition, the e-commerce platform Flipkart's facility in Kalamassery is nearing completion and is expected to become operational by the end of the year. This facility will cover an area of 550,000 square feet. The operations of other companies in the Kalamassery Park will also be managed by Adani. "As discussions are still in the initial stage, details cannot be divulged," the minister stated. A third park will be established at Parakadavu in Angamaly, with a facility of 250,000 square feet