Encouraging response from investors to invest in Edu City

Updated on: Friday, February 08, 2013

Executive Director of INKEL, T Balakrishnan said 20 concrete proposals to invest in EDUcity for providing national and international education services had been received.

INKE, formerly Infrastructure Kerala Limited and Kerala State Industrial Development Corporation had been promoted INKEL-KSIDC Projects Limited, an education hub on 168 acres in Malappuram district, 25 km from Calicut International Airport, he told reporters here.

He said the last date for receiving expression of intent from investors had been extended up to February 28 as against the earlier schedule of January 31.

He said the response from investors in Edu City was very encouraging and it was expected to entertain only 25 investors mainly from Thrissur, Palakad, Kannur, Kozhikode and Malappuram districts.

The interative sessions were held in Kozhikode, Palakad and Thrissur and there wasactive presence of prospective investors in all the sessions, he added.

The project would be completed in five years and when completed there would be about Rs.2000 crore investment in all, Balakrishnan said.

The projects envisaged in the proposed Edu City would onsist of an International School, Institue for Technical Education, Institute of Engineering and Technology, International Business School, school of Science, School of Commerce, school of Law, Media school and Finishing School, Balarishnan said.

Encouraging response from investors to invest in Edu City

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