Industries Minister Rajeev boasts investment offers worth Rs 1.5 lakh crore across various sectors The minister said through the meet the government tried to send across a message that Kerala had become an investor friendly united state. The attempt was also to instil confidence among the investors .
THIRUVANANTHAPURAM: Kerala industries minister P Rajeev on Saturday claimed that the Investment Kerala Global Summit which concluded in Kochi was a big success with the meet receiving investment offer worth Rs 1.5 lakh crore.
Rajeev said 374 companies, including those operating in Kerala, had already signed investment interest agreements. A total of Rs 1,52,905 crore has been offered and as many as 24 IT companies have expressed their willingness to develop their existing ventures, he added.
The minister said through the meet the government tried to send across a message that Kerala had become an investor friendly united state. The attempt was also to instil confidence among the investors.
Rajeev said with Kerala being a state with least corruption, there is no hidden cost for investments. There are other positive factors like academic courses can be changed in consonance with the requirements of the industrial sector, labour culture of the state too has seen a drastic change, he said and added that it would take time for actual investments from the companies to take shape on the ground.
The industries minister said the Rs 1.5 lakh crore investment announcement involved both new schemes of the new institutions and the development plans of the existing institutions. This includes the expansion plans of the existing 24 IT companies which currently operating.
This includes Rs 30,000 crore of Adani Group, Rs 5,000 crore of Lulu Group and Sharaf Group and Rs 850 crore of Aster Group.
All these institutions have signed a memorandum of expression of interest, not a final MoU for investment. The minister claimed that the final figure is based only on projects that are implementable.
Union Minister George Kurian spoke about the initiatives taken by the Central government for investments in various sectors. He said both the Centre and the state governmet can be on the same page for development.
The Union Minister congratulated the state government for completing the GAIL, Vizhinjam, Hyperline and National Highway development projects sanctioned by the Centre, in a time bound manner.
The major investment offers that came up at the two day Global Investors Meet in Kochi include
Adani Group: Adani Group to invest Rs 30,000 crore. An additional investment of Rs 20,000 crore will be made in Vizhinjam
Rs 5,000 crore for e-commerce hub project, Rs 5,000 crore for Thiruvananthapuram airport
Krishna Institute of Medical Sciences: An investment of Rs 3,000 crore will be made in the state
Aster DM Healthcare: An investment worth Rs 850 crore will be made
Lulu Group: An investment of Rs 5,000 crore will be made. New ventures include IT Tower, Global City, Food Processing Park
Sharaf Group: Rs 5,000 crore investment in logistics sector
BPCL: Rs 5,000 crore per unit of polypropylene in Kochi
Jain University: Jain University has offered investment worth Rs 350 crore. A new Global University based in Kozhikode
