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News Entry# 72927
May 15 2012 (05:44)  KERALA-RAIL 3 LAST (
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Posted by: rdb*^  131692 news posts
"Its mission is to showcase the potential and "Its mission is to showcase the potential and opportunities of Kerala as an investment destination and to create awareness of it among all stakeholders and my government aims to create the right environment, to facilitate the transformation of Kerala into a business hub and a preferred investment destination," Chandy said. The summit focuses on 10 key sectors in the state such as IT and ITeS, tourism and medical tourism, healthcare, food and agro processing, knowledge/education sector, ports, ship- building and logistics, energy/energy, biotechnology, nanotechnology and other sunrise sectors, water technologies and inland waterways and infrastructure development (roads, rail, waterways water supply and sewage. The state has already lined up series of mega and medium projects such the high speed rail corridor (Rs 1,18,000 crore) two national investment and manufacturing zone worth Rs 52,000 crore, Vizhinjam International Sea Port (Rs 3,000 crore) Kochi Metro...
(Rs 4,500 crore) and a petroleum chemicals and petro- chemicals investment region in Kochi for Rs 6,000 crore, the Smart City project worth Rs 21,000 crore. The projects in the pipelines also include the mono rail projects in Thiruvananthapuram and and Kozhikkode involving Rs 5,000 crore, gas-based power plants involving Rs 8,000 crore, Kannur international airport with an investment of Rs 4,500 crore and the capacity addition at the Titanium Sponge Plant worth Rs 3,500 crore. State Industries and IT minister P K Kunhalikutty said the state is creating an enabling environment that allows industries to establish and thrive in the state. PPP, with a single window clearance, would be the model for all mega projects in the state. An independent, high-level body has also been proposed to expedite clearance and approval for projects and to settle investors grievances. "The state is willing to give incentives and concessions to any project that provides long-term value for its people. We have big plans for sectors that have been our strong points, such as IT, tourism and medical tourism, food and agro processing, ports, shipbuilding and logistics, education and infrastructure development," he added. Chandy will meet with top industrialists in the city tomorrow. Some of the leading names who will meet the chief minister include the chairmen/heads companies like Bharat Petroleum, Godrej Group, Kotak Mahindra, Videocon, Marcio, Welspun Group, HCC, M&M among others.
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