Infrastructures Kerala Ltd (Inkel), a public-private-partnership (PPP) initiative by Kerala government, is looking for a partner to invest in its Rs 40-crore project at its Angamaly campus, said Inkel's managing director T Balakrishnan.
The project is to build a second tower (Tower-2) with a built-up space of 2 lakh to 3 lakh sq ft in two acres of land. The last date for the request for participation in the project is July 31.
One of the primary mandates of Inkel is to attract non-resident Keralites (NRKs) and we are creating assured revenues for the investors in the Angamaly campus," said Balakrishnan.
Inkel last year completed Tower-1 with 2 lakh sq ft space at an investment of Rs 25 crore. For the convenience of the entrepreneurs, the built-up space has been divided into Standard Design Modules (SDM) of 5,000 sq ft size. Taking feedback from the occupants of the first tower, the second tower will have slight modifications in the designs.
While the first tower is meant for light industries and IT, the second tower could be used for broader commercial activities, including back offices of companies, he said.
INKEL has leasehold right on the 5.55 acres of land at its Angamaly campus, which is adjacent to the TELK campus, for 85 years with provision for renewal.
The state government is holding 26% of Inkel stake through various agencies while the remainder is owned by NRKs and banks.
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