Kerala steps up efforts to draw investment with Bangalore roadshow

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Trivandrum: The Government of Kerala has signalled its willingness to go the extra mile to make the State a preferred investment destination through policy initiatives and ground-level support. A slew of measures designed to facilitate investment and foster trade and business partnerships were outlined by senior government officials at a Business Meet organised at Bangalore today in connection with the Emerging Kerala 2012 Global Connect that the State is hosting in September.

K M Chandrasekhar, Vice Chairman, Kerala State Planning Board and former Cabinet Secretary, said simplifying procedures is a priority for the government and it will be done with the active participation and assistance of the industry. He also reiterated the Government’s commitment to ensuring that all development is sustainable and environment-conscious.

V Somasundaran IAS, Additional Chief Secretary, Industries & Commerce, pointed out that the Government has decided to fast-track viable projects coming up in the event by giving clearance within a period of 90 days. A Cabinet subcommittee has been specially authorised for the purpose. “We also have a Single Window Clearance mechanism which will be available online for entrepreneurs and companies to secure clearance quickly and in a transparent manner,” he added. Kerala is also keen to highlight the fact that the summit is not simply a one-shot investors’ meet or a MoU-signing exercise.

Alkesh Sharma IAS, Secretary, Industries – Investment Promotion & MD, KSIDC made a detailed presentation on Emerging Kerala, and on the facilities and opportunities that are available for investors. For the IT industry, he highlighted attractions including state-of-the-art technology parks extending from the north to the south of the state providing a plug-and-play environment, two international cable landings, unmatched data and telecom connectivity, low operational costs and a talent pool of young and driven professionals.

VK Mathews, Executive Chairman, IBS Group; Jose Dominic, MD, CGH Earth and Abraham Chacko, Executive Director, Federal Bank, shared their experience of doing business and working in Kerala.

A cross-section of leading industry and business leaders and representatives of trade commissions in the city attended the meet today.

Kerala Biz News

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