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At Round Table on Investment Opportunities held in Dubai, Kerala pledged Rs 10,000 cr investment

Kerala has been pledged Rs 10,000 crore as investment at the Round Table on Investment Opportunities held in Dubai under Chief Minister Pinarayi Vijayan.

Investors and their domains for investment

Leading port terminal operator DP World will invest Rs3,500 crore , RP Group, Rs1,000 crore; Lulu Group, Rs 1,500 crore; and Aster, Rs 500 crore. Small investors promised Rs 3,500 crore at the round table on Saturday 5 October.

DP World, which is operating the International Container Transshipment Terminal at Vallarpadam, will invest in the shipping and logistics sector in the State; RP Group in the tourism sector; Lulu Group in retail; and Aster in the health sector. At the round table, the Chief Minister announced that an investors’ meet will be held in Kochi in December.

Signing of MoU

DP World vice president Omar al Muhairy said the MoU would be signed during the proposed investors’ meet in Kochi.

Speaker P. Sreeramakrishnan; Minister for Industries E.P. Jayarajan; Minister for Tourism Kadakampally Surendran; vice chairman of Norka Roots M.A. Yusufali; K. Elangovan, Principal Secretary, NoRKA; non-resident Keralite industrialists Ravi Pillai, Azad Moopen, and Shamsheer Vayalil attended the meet.

 

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