Kochi: US based industrial real estate developer Panattoni announced plans to establish an Rs 800-crore Grade A+ multi-client logistics and industrial park in the Edayar Industrial Area of Kochi, in partnership with Edayar Zinc. The project will be developed in two phases; Phase I will cover 20 acres and include 5.2 lakh sq ft of infrastructure, targeting sectors like e-commerce, FMCG, third-party logistics, and pharmaceuticals. Construction is set to begin in February next year, with Phase I operations expected by February 2027.

This initiative marks Panattoni's entry into Kerala and will be the anchor project within the Kerala Logistics & Industrial City (KLIC), a vision by Edayar Zinc to position Kochi as a gateway for global industrial and logistics investments. KLIC’s future plans include the Global Machinery, Equipment and Technology (GMET) corridor, designed to connect global OEMs, technology providers, and industrial leaders, and the Industrial Gala, featuring premium built-to-lease manufacturing and assembly spaces. 

The integrated ecosystem aims to combine world-class infrastructure, sustainable industrial planning, and comprehensive amenities. Panattoni's Managing Director for International Project Management, Norbert Sumislawski, emphasised the partnership’s commitment to creating sustainable logistics infrastructure and boosting regional employment and economies.

"This partnership with Edayar Zinc Ltd reflects our shared commitment to developing world-class, sustainable, and flexible logistics infrastructure. The Kochi project exemplifies our model of combining global expertise with local entrepreneurship to unlock industrial potential and create employment opportunities that strengthen regional economies," said Sumislawski.

Supported by Kerala’s industrial and logistics policies, the project expects to host over 50 industrial units and generate more than 5,000 jobs, with projected investments exceeding Rs 1,500 crore from various industrial and logistics initiatives. Edayar Zinc’s Managing Director, Mohamed Bismith, described KLIC as a self-sustaining ecosystem driving sustainable industrial growth in Kerala. Panattoni India’s CFO, Rajiv Sinha, noted Kochi's strategic location and connectivity as ideal for such future-ready development aligned with India’s manufacturing goals.

With inputs from PTI