Kerala spreads red carpet for business magnates, investors

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.

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Leighton Welspun bags Tata Realty’s Rs 286 crore Kochi project

Kochi: Leighton Welspun Contractors, part of the Australia based Leighton Holdings Group, has been awarded a project worth Rs.286 crore by Tata Realty and Infrastructure Ltd. (TRIL) under the alliance model to develop five new residential towers in Kochi. The work on the Tritvam residential project, which will come up at Marine Drive, will commence soon and is expected to be complete by 2015.

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‘Emerging Kerala’ to kick off campaign to woo business, trade tycoons

Trivandrum: Kerala is all set to kick-start a massive campaign to position itself as one of the most favourite business destinations in India. Chief Minister Shri Oommen Chandy and Industries & IT Minister Shri P K Kunhalikutty, along with other ministers and senior officials, will meet top business leaders and overseas diplomats in New Delhi on April 20, signalling the launch of a six-month long build-up to one of the biggest investment branding exercises the State has ever undertaken.

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CII Kerala asks KSEB to reconsider power restriction on Industries

Trivandrum: The Government of Kerala’s decision to agree to the Kerala State Electricity Board (KSEB) proposal for a power restriction of 20% on HT & EHT customers has been termed as irrational and unfavourable by the Industries in the State. There is a widespread demand for revoking this proposal of power restrictions as this will deal a severe blow to many of the Industries who are already reeling under the high tariff rates and unfavourable business environment.

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