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Kerala
Rs.10,000-cr. investment in Kerala soon
Special Correspondent
THIRUVANANTHAPURAM: Kerala Industries Minister Elamaram Karim said that major projects entailing private investment of nearly Rs.10,000 crore were in the pipeline in Kerala.
At a press conference here on Tuesday, he said the ‘High-Tec City’ planned by the Shobha Group in Kochi itself would mean an investment of Rs.5,000 crore. The government had already signed a memorandum of understanding with the promoters of this project, which was expected to provide direct employment to 75,000 people. Another major project on the cards was an ‘Integrated Industrial Township’ at Kinalur in Kozhikode district, creating 25,000 direct jobs. The Kerala State Industrial Development Corporation had signed an agreement for this with the Industry Development Board of Malaysia. The township would house private firms from India and Malaysia, he said.
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