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In Kerala, we have already identified some projects, which we will be developing in the future." He, however, declined to comment on the size of the investment the group is planning to put in.
According to the sources, SRK group plans to invest about Rs 2,000 crore in Kerala in five years.
In pursuance of its port-based development policy, the Kerala Government has decided in principle to convert Ponnani port in Malappuram district into an all-weather port through public-private partnership.
The Governments role would be only as a facilitator for the project, the officials said.
The concession period under the BOT agreement will be 30 years.
The foundation stone of the plant would be laid Aug 23 by Defence Minister AK Antony at the Kinfra Industrial Park, said the release.
The new factory is being planned as an extension of the Hyderabad avionics division of HAL.
"The group has identified many projects in south India and other parts of the country to pump in about Rs 5,000 crore in the next five years in developing residential as well as commercial projects," industry sources said.
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