Emerging Kerala roadshow in Bangalore woos IT investors

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Trivandrum: The Government of Kerala has signalled its willingness to go the extra mile to make the State a preferred investment destination through policy initiatives and ground-level support. A slew of measures designed to facilitate investment and foster trade and business partnerships were outlined at a Business Meet organised at Bangalore on July 20, 2012 in connection with the Emerging Kerala 2012 Global Connect that the State is hosting in September.


Minister for Industries & IT, Shri P K Kunhalikutty met the captains of trade and industry in the morning and Chief Minister Shri Oommen Chandy led the second leg of the campaign in the evening by showcasing the State’s potential and opportunities before leaders of the IT industry. In his address the CM said that IT companies looking to invest in the State will have every facility extended to them in the more than 20 existing and planned technology hubs here. He added that the government has acquired almost 1,600 acres of land for setting up IT centres across the State.

V Somasundaran IAS, Additional Chief Secretary, Industries & Commerce, pointed out that the Government has decided to fast-track viable projects coming up in the event by giving clearance within a period of 90 days. A Cabinet subcommittee has been specially authorised for the purpose. “We also have a Single Window Clearance mechanism which will be available online for entrepreneurs and companies to secure clearance quickly and in a transparent manner,” he added. Kerala is also keen to highlight the fact that the summit is not simply a one-shot investors’ meet or a MoU-signing exercise.

Alkesh Sharma IAS, Secretary, Industries – Investment Promotion & MD, KSIDC made a detailed presentation on Emerging Kerala, and on the facilities and opportunities that are available for investors. For the IT industry, he highlighted attractions including state-of-the-art technology parks extending from the north to the south of the State providing a plug-and-play environment, two international cable landings, unmatched data and telecom connectivity, low operational costs and a talent pool of young and driven professionals.

VK Mathews, Executive Chairman, IBS Group; Jose Dominic, MD, CGH Earth and Abraham Chacko, Executive Director, Federal Bank, shared their experience of doing business and working in Kerala.

Kerala IT News

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