Partner Kerala targets local investors to support hometowns

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Trivandrum: The Partner Kerala Urban Development Meet is looking to attract investments primarily from individuals who want to have a stake in the growth of their home towns and cities, and contribute to their local communities. Minister for Urban Affairs, Shri Manjalamkuzhi Ali said this while addressing a roadshow of the event in Thiruvananthapuram.

“We are not reaching out to foreign investors and companies, but to local businessmen, entrepreneurs and non-resident Keralites who have the capital and want to invest it in worthwhile development projects in their own localities”, he added. The Partner Kerala meet will be held in Kochi on February 24-25, 2014.

There are 60 municipalities, five corporations and the five development authorities that administer the cities and towns in Kerala and these local bodies have landed property and assets which can be utilised for income-generating projects developed on a Public-Private Partnership (PPP) model.

“Kerala has a very high rate of rural to urban migration with 48% urban population. Our expanding cities desperately need the infrastructure to support rising populations. The local bodies have submitted project proposals worth Rs. 5,000 crore for presenting at Partner Kerala event. Even if 10% of these projects materialise, it will be a good start; a humble beginning for sustainable income generation in the future,” the Minister said.

Dozens of business investors and stakeholders from around the city and NRKs participated in the roadshow. Trivandrum Mayor, Adv K. Chandrika; TRIDA Chairman P K Venugopal; Partner Kerala Meet Coordinator, Kabir B Harun; Director of Urban Affairs, E Devadasan and E K Prakash, Special Secretary, Finance, also spoke on the occasion.

These are among the 80 projects that will be showcased at the Partner Kerala Meet next week. Hundreds of potential investors from not only Kerala but also within the country and abroad are expected to take part in the meet. They will be offered investment opportunities in projects across a number of areas such as waste management, sewerage, flyovers, bridges and parking lots, bus terminals, comfort stations and markets; amenities like shopping complexes, convention centres and multiplex cinema halls and amusement parks, besides parks, town beautification, street lights and hoardings.

Kerala Biz News

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