Kaynes Technology, an electronics system design and manufacturing company, is set to establish a new manufacturing unit in Kerala.
The company will be allotted land in the Perumbavoor Industrial Park developed by the Kerala Industrial Infrastructure Development Corporation (KINFRA) to facilitate this expansion. The company representatives, who visited the industrial estate on Monday (July 7), held discussions with Industries Minister P. Rajeeve and secured official approval for land allocation, according to a release.
The company had signed a Memorandum of Understanding (MoU) with the Department of Industries, promising around ₹500 crore investment and offering over 2,000 employment opportunities in the State at the Invest Kerala summit. The unit’s first phase is expected to be operational within 18 months of land transfer, it said.
