Emerging Kerala

Emerging Kerala: 45 Projects. Expected investment – Rs: 45,000 crores.

Date : Sept. 15, 2012 | Time : 3:47:00 PM

Ommen-chandy-emergin-KeralaKochi: Chief Minister Umman Chandi says he has got offers in ‘Emerging Kerala’ for the start up of 45 Projects worth Rs:45,000 crores.  This includes the BPCL project worth Rs:20,000 crores, the German car company’s Engine Unit worth RS:2,000 crores and the Central Shipping Ministry’s Ship Repair Unit worth Rs:750 crores.

Other offers are: A Shopping mall and an Aqua park at Kochi with the name Water City floated by Fonix of Dubai worth Rs:3,000 crores. An Agricultural Processing Park at Kannur by Agronomy Farms worth Rs:1280 crores. An IT Park by Manappat Infratech at Kizhikode worth Rs:1,000 crores. An Integrated Township by Malabar Group at Trissur worth Rs:900 crores. An IT Park and a Smart Township by Abad Group at Kottayam worth Rs:1,300 crores.

After detailed discussions, within a month, decision will be taken about the projects to be undertaken. Out of this, the most suitable ones will be granted permission within 30 days. The Titanium Sponge Factory at Chavara worth Rs:3,000 crores is not included in the list as a final decision about this plant is not yet taken. The Ship Breaking Unit of the Port Trust worth Rs:700 crores is also not included. This was given permission long time back.

Most of the investors don’t ask for Govt: land. V-Guard’s Convention Centre worth Rs:700 crores, Health Care Village worth Rs:300 crores by BCG group and A Hospital at Kozhikode worth Rs: 500 crores are being built on their own land. Keeping aside all these projects, the real achievement of ‘Emerging Kerala’ is the spread of the message to the outside world that Kerala is an investment friendly place.

During this investors’ meet, over 275 ‘B to B’ meetings between different business groups and individuals have taken place. Besides, over 60 ‘B to G’ meetings have also taken place to secure Govt: help. It’s still not known how many projects will actually materialize, after all these meetings. In about 3 months, interested investors will be given permits.

Over 2400 investors participated in the meet. Out of this 796 were from abroad, 422 from other states and 1270 from inside Kerala. Altogether 15,000 delegates attended the meet, including Ambassadors, Diplomats, Officials and other guests.

Those who have taken Govt: land for starting industry and not yet started will be told to give it back. They will be given 6 months’ time. Those who said that ‘Emerging Kerala’ is a real-estate deal must explain it now. Not only that we didn’t sell the land to anyone but we are taking back the unutilized land in the hands of the industrialists. Most of these lands were allotted to them during the time of the previous Govt:, said the Chief Minister.