LoI signed with UAE-based company to bring ₹850-crore FDI to Technopark III: Kerala CM

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Chief Minister Pinarayi Vijayan connected Wednesday said that a Letter of Intent (LoI) has been signed with a UAE-based institution for an ₹850-crore overseas nonstop concern (FDI) to Technopark signifier III here.

Mr. Vijayan successful a station connected X said that the LoI was signed with UAE-based Al Marzooqi Holdings FZC for Meridian Tech Park project.

He said that the project, which volition travel up successful Technopark signifier III, has been designed for sustainability and collaboration and volition make implicit 10,000 jobs. It volition beryllium a awesome of Kerala’s vertical maturation and expanding planetary footprint, the Chief Minister said.

With this project, Kerala’s travel to go a planetary innovation hub is taking “a bold leap forward,” helium added. Later, successful a Facebook post, the Chief Minister said that the task volition beryllium a caller milestone successful the State’s technological advancement.

Besides boosting the IT sector, the task volition besides bring astir large changes successful Kerala’s employment sector, helium said.

Mr. Vijayan said that the Meridian Tech Park field volition beryllium acceptable up successful specified a mode that adjacent tiny companies volition beryllium capable to usage the imaginable of artificial quality (AI) done the AI laboratory.

Published - November 05, 2025 10:15 p.m. IST

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