Kerala spreads red carpet for business magnates, investors

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New Delhi: Seeking big ticket investments to propel its economic resurgence, Kerala rolled out a red carpet for India Inc as well as corporate honchos and business tycoons from across the globe, promising them single window clearance, lucrative returns and durable partnerships. This was the highlight of two meetings held in New Delhi today as part of a campaign for its ambitious ‘Emerging Kerala’ Global Connect, to be held in Kochi from September 12 – 14, 2012.

“There are opportunities galore for investors from all parts of the world to invest in Kerala and ensure its sustainable economic growth,” Chief Minister Shri Oommen Chandy told a high-profile gathering of corporate leaders and captains of the industry here last evening. Earlier in the day, the CM had emphatically stated at a meeting with top diplomats, heads of multilateral agencies and chiefs of trade missions that “Kerala is ready for investment. We want to send out a message to the world that investment is welcome.”

He was accompanied by his senior cabinet colleagues and top bureaucrats, He added that his government had listed out 12 priority areas for embracing investments from industrialists and businessmen. These include IT and IT Enabled Services, Tourism, Healthcare, Trade and Retailing, Logistics, Food & Agro Processing, Gems and Jewellery, Ports and Ship Building.

The meeting, organized by CII in association with Nasscom, was attended by representatives of a number of top-notch companies from both the public and private sectors, including SAIL, DRDO, Petronet, Jubilant Energy, Medicity and Fortis. The high-profile conclave also saw several companies from the SME (small and medium scale enterprises) sector showing keen interest in setting up their shops in Kerala in areas like renewable energy and the IT.

Minister for Industries & IT, Shri P K Kunhalikutty made it amply clear that PPP would be the model for all mega projects proposed in the state. “The State has already demonstrated its strength in areas like tourism, healthcare, IT and ITES, logistics, food and agro-processing and gem & jewellery. We have now decided to promote the manufacturing and service sectors in an eco-friendly manner. Kerala can take pride in its knowledge-based economy. We want to transform Kerala into the most preferred IT investment state in the country,” he said.

Alkesh Sharma IAS, MD, KSIDC said the state government would facilitate a CEO Summit, B2B and B2G Meets during the event. Various sectoral sessions for showcasing potential and opportunities in Kerala will also be held at Emerging Kerala 2012.

Kerala Biz News

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