Potential investors at the upcoming defence park at Ottappalam include a seaplane unit under a joint venture between a Kerala-based startup and an Ukranian company.
Talks with the Ukranian company and the startup, backed by an investor, were at an advanced stage, said Kinfra managing director Santhosh Kumar here on Monday.
He said that Kerala offered a lot of potential for tourism and the seaplane-maker was keen to exploit the potential market. The unit will initially assemble seaplanes and, in the second phase, switch to manufacturing them here.
The ₹130-crore defence park being being built by Kinfra is expected to be thrown open to investors by the end of March this year. Read More