Kerala to become favoured investment destination
The Kerala government on Wednesday unveiled an action plan to convert the state into a favoured investment destination by promoting public-private partnership in infrastructure development and offering to set up exclusive industrial parks for NRI ...
By PTI |
THIRUVANANTHAPURAM: The Kerala government on Wednesday unveiled an action plan to convert the state into a favoured investment destination by promoting public-private partnership in infrastructure development and offering to set up exclusive industrial parks for NRI investors.
While the policy speaks about setting up product-specific Special Economic Zones, Industries Minister Elamaram Kareem told reporters that in a state like Kerala, large quantum of land like 30,000 acres could not be set apart for SEZs.
However, the LDF government was of the view that as the Centre had come out with such a scheme, Kerala alone should not keep away from that policy.
"We should also get the benefits of the scheme," he said.
The SEZs coming up for Electronic parks requires only 350 acres of land and product specific SEZs would require about 25 to 350 acres of land, he pointed out. Six applications from private entrepreneurs for setting up SEZs were now pending before the government for clearance.
The government expected an investment of Rs 10,000 crore in the new generation industries in the state in the near future, he said.
To capitalise on the potential in food processing sector, it was proposed to develop mega food processing zones in select districts and also create umbrella brands for agro- products of the state.
To make Kerala a destination of choice for investors, both global and domestic, Kerala Industrial Infrastructure Development Corporation will help develop mega industrial parks in selected thrust sectors, he said.
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