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Global industrial real estate developer Panattoni has entered Kerala for the first time by partnering with Edayar Zinc Ltd. to build a Grade?A+ industrial and logistics park near Kochi, with an investment of INR 800 crore. The park will be developed in two phases, with Phase I spanning 20 acres and offering 5.2 lakh sq ft of space tailored for e-commerce, FMCG, pharma, and 3PL clients. Construction is set to begin in February 2026, and Phase-I operations are targeted for February 2027, forming part of the broader Kerala Logistics & Industrial City initiative.
Panattoni, a global industrial real estate developer, has partnered with Kerala-based Edayar Zinc Ltd. to develop a major industrial and logistics park in the Edayar Industrial Area near Kochi. The project involves a total investment of INR?800?crore and marks Panattoni's first foray into the Kerala market. The agreement was signed earlier this week, with representatives from both companies and officials from the Kerala government present, including the industries and coir minister and the principal secretary for industries. Advertisement
The industrial park is positioned as the anchor project of the Kerala Logistics & Industrial City (KLIC) initiative, designed to strengthen Kochi's role as a key logistics and industrial hub. Edayar Zinc's managing director said the project is expected to host over 50 industrial units, generate more than 5,000 jobs, and attract further investments exceeding INR 1,500 crore in related industrial and logistics projects.
The development will be implemented in two phases. Phase I will cover 20?acres and provide approximately 5.2 lakh sq ft of infrastructure. It will feature 12 metre clear height, FM2-grade flooring, load capacity of 5 tonne per sq-metre, K160 sprinklers, and IGBC-certified sustainable design. The facility aims to accommodate e-commerce, FMCG, third-party logistics, and pharmaceutical companies. Construction is scheduled to start in February 2026, with operations expected to begin in February 2027.
Panattoni's India CFO highlighted that the partnership reflects the company's strategy to invest in high-potential Indian markets, leveraging Kochi's connectivity and industrial ecosystem. Edayar Zinc, which has a legacy of over 50 years in industrial and manufacturing operations, shifted focus in 2020 toward developing industrial parks and logistics hubs under new management.
The project is supported by Kerala's industrial and logistics policies and is expected to enhance regional supply-chain efficiency and support sustainable industrial growth. The collaboration is seen as a step toward modernizing the logistics infrastructure in southern India while integrating global standards for industrial real estate.
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