Kerala - Kochi   

Chief Minister offers support to NRI ventures

Kochi: The State government would support ventures promoted by Non-Resident Malayalis that suit the requirements of the State, said Chief Minister V.S. Achuthanandan.

Mr. Achuthanandan was speaking after the inauguration of the State’s first full-fledged Private Container Freight Station (CFS) set up by the Falcon Group at Eloor on Friday.

With developmental projects like Vallarpadom International Container Transhipment Terminal progressing in the region, there was potential for investors interested in similar initiatives, the Chief Minister said.

Minister for Fisheries and Registration S. Sarma, K. Chandran Pillai, MP., MLAs K. Babu and A.M. Yousuf, Cochin Port Trust chairman N. Ramachandran, N.A. Mohammed Kutty, managing director of Falcon Group; and Lissie George, district panchayat member, were present.

Set up at a cost of Rs.25 crore with modern facilities for stuffing and de-stuffing, in-house customs clearance and others, the CFS is located in 10.2 acres of land adjacent to the existing Integrated Services Complex of the Falcon Group.

Falcon Group has a shareholder base of over 235 prominent NRIs and the Director Board comprises eminent business personalities of India and the Middle East.

Film actor Mohanlal is the chairman of the group.

Printer friendly page  
Send this article to Friends by E-Mail

Stories in this Section

VS: State draws more investors
Appeal in ice-cream parlour sex scandal case dismissed
Court declines to lift stay high court round-up
Chief Minister offers support to NRI ventures
‘Boost to investment-friendly image of State’
Festive mood as Smart City takes off
Epilepsy curable: doctors
Programme to create awareness of child rights
CBI launches Vigilance Week
Three deported back to State

Copyright © 2007, The Hindu. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu