Brigade Group has proposed to invest ₹1,500 crore in Kerala with a potential generating employment for around 12,000 people over the next five years.
Brigade Enterprises Ltd, the flagship Company of Brigade Group has submitted an Expression of Interest at the Invest Kerala Global Summit 2025, in the presence of the State Chief Minister Pinarayi Vijayan.
The company proposes to set up its second World Trade Centre (WTC) in the State with the first being in Kochi. Besides, the company looking to expand its footprint in Kerala with a residential project in Kochi and a luxury island resort at Vaikom. These projects are expected to be completed by 2030.
Last month, Brigade had entered into a MoU with Technopark to develop a World Trade Centre (WTC) and allied amenities, developing around 1.5 million sq ft of infrastructure, spread across a cluster of towers in Thiruvananthapuram.
The company has already signed and initiated the expansion of WTC in Kochi Infopark with its 3rd tower, taking its IT infrastructure to over a million sq ft. With the proposed development of luxury island resort and residential project, Brigade plans to bring in around ₹1,500 crore investment to the State in the coming years.
Vineet Verma, Managing Director, WTC Trades & Projects P Ltd, a Brigade Group Company said Kerala continues to be the focus area across commercial, IT office space, hospitality and residential developments. These sectors have shown great promise in terms of growth and potential during the last few years. Also, Kerala is an established hotspot for IT/ITES & Tourism. This in turn will drive overall demand.