Today : Tuesday - Sep 02, 2014, 05:10pm (GMT+5.5)
All News  
Top News
National News
International News
Business News
Sports News
   » Cricket
   » Football
Entertainment News
Sci - Tech
Politics News
Health & Fitness
Education
Travel
Lifestyle
Gulf News
Featured
 
::| Latest News
News in Pictures

Reliance Communications has made full repayment of two loans amounting to $1 billion (around Rs 6,000 crore), during the quarter ended June 30.The repayments have been from the company's rupee resources.

Business News
 

Kerala promises single window clearance to lure investors

Saturday - Apr 21, 2012, 07:52pm (GMT+5.5)
[+] Text [-]

New Delhi -  To bag big ticket investments to propel its economy, the government of Kerala has promised single-window clearance, lucrative returns and durable partnerships to Indian industries and global corporations.

Announcing this at a meeting with captains of industry Friday evening, Chief Minister Oommen Chandy said: "There are opportunities galore for investors from all parts of the world to invest in Kerala and ensure its sustainable economic growth."

Earlier in the day, Chandy met top diplomats, heads of multilateral agencies and chiefs of trade missions and told them that Kerala is ready for investment. "We want to send out a message to the world that investment is welcome."

The chief minister said his government had listed 12 priority areas for investment. These include IT and IT enabled services, tourism, healthcare, trade and retailing, logistics, food and agro-processing, gems and jewellery, ports and ship building.

The Kerala government will host a conclave, Emerging Kerala Global Connect, in Kochi from Sep 12-14.

Kerala Industries and IT Minister P.K. Kunhalikutty said that public private partnership would be the mode 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 and jewellery. We have now decided to promote the manufacturing and service sectors in an eco-friendly manner," he said.

The meeting organised by Confederation of Indian Industry (CII) 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.

Some small and medium enterprises which attended the meeting showed keen interest in setting up their ventures in areas like renewable energy.

Kerala plans to develop the country's first high-speed rail corridor. Almost $20 billion investment will be required for the proposed corridor that will run from Thiruvananthapuram to Mangalore.

The state, which has a 600 km-long coast line, is developing an international container trans-shipment terminal at Kochi. It is also developing natural gas pipeline infrastructure and airports in several cities.





|

Rating (Votes: )   

blog comments powered by Disqus

Other Articles:
US forges connect with India through green crafts (21st Apr, 2012)
Telenor plans Rs.2,000 crore investment in India (21st Apr, 2012)
Insurance firm ‘sacks’ entire1300 strong workforce via e-mail by mistake! (21st Apr, 2012)
Zuckerberg’s inexperience in corporate governance may hamper Facebook success: Analysts (21st Apr, 2012)
Kingfisher employees on strike, operations not affected (21st Apr, 2012)
IDBI Bank quarterly net profit rises to Rs.770.78 crore (21st Apr, 2012)
Gauri Khan to design couture penthouses in Pune (21st Apr, 2012)
Gujarat bags award for watershed mangement project (21st Apr, 2012)
India's forex reserves rise by $213.8 million (21st Apr, 2012)
YouTube could face huge royalty bill after losing music clip copyright battle in Germany (21st Apr, 2012)
China's mobile phone users exceed 1 bln (21st Apr, 2012)
India cautions against slowdown in IMF quota reforms (21st Apr, 2012)
IMF arms itself with $430 bn new funding (21st Apr, 2012)
Mukherjee allays US fears, says India good for investment (21st Apr, 2012)
Citi's Pandit sued over excessive pay (21st Apr, 2012)
TRAI asks operators to offer per second-billing plan (21st Apr, 2012)
Reliance writes off 90 percent investments in Deccan 360 (21st Apr, 2012)
India adds 6.87 mn GSM subscribers in March (21st Apr, 2012)
Comment on reforms not linked to 2014 election: Kaushik Basu (21st Apr, 2012)
Government seeks asset valuer to sell Tyre Corporation of India (21st Apr, 2012)
Kanoria Chemicals to acquire Switzerland-based firm (21st Apr, 2012)
RIL fourth quarter net profit down 21.2 percent (21st Apr, 2012)
Dhumal wants lower interest rate on NABARD loans (21st Apr, 2012)
Telenor in talks with domestic firms to continue India service (21st Apr, 2012)
Public Distribution System to be computerised (21st Apr, 2012)




Contact Us | Advertise with Us | Privacy Policy | Disclaimer | Terms of Use