THIRUVANANTHAPURAM: Infrastructures Kerala Limited (Inkel), will invest `5,000 crore in the next four years to support the basic and industrial infrastructure of Kerala. Government has given in-principle nod for 10 projects which is expected to get clearance by the end of this financial year.The fund will be raised through equity and borrowings from financial institutions and some of the directors of the company have expressed interest to invest in feasible projects.T Balakrishnan, managing director of Inkel, told Express that the projects would be implemented with the direct investment of the company, public private partnership (PPP) model or private investments.The projects which were given the nod by the government include logistic centre at Angamaly, education-cum-health centre at Malappuram and convention and exhibition centre at Kozhikode.The government will finalise the decision on the 10 other proposed projects soon and the physical works are expected to start after one year of getting the clearance.According to the plan, all the projects can be completed in four years’ time if there are no hindrances.Modernisation of treasuries in Kerala has already been taken up by Inkel and the pilot project is being implemented at Pala, Kottayam. Renovation and construction of 80 treasuries will also start soon, Balakrishnan said.Referring to the waste management crisis under several local bodies, Balakrishnan said that Inkel has the technical expertise on solid and liquid waste management. This was informed to the government and local bodies and also proposed to invest in the waste management, if needed.The `100 crore company is also planning to increase its capital to `200 crore. Inkel is also planning to undertake other major projects once the proposed projects are completed.The multi-storyed industrial building at Angamaly with 40 units will be commissioned by May 2012. The five industrial sheds at Malappuram with 10,000 square feet each will be commissioned by the end of February.The joint venture of Inkel and its directors in Kochi, Container Freight Station, will be completed in a year. The Freight station at a cost of Rs 100 crore coming up on 19 acres of land will have the facility for warehousing, container maintenance and repair.
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