INVESTMENT
Kerala gets Rs.1 trillion investment proposals at Ascend 2020 The largest commitment was by Abu Dhabi Investment Authority, which committed around 66 percent of the total investment at the meet
Mr. Pinarayi Vijayan, Chief Minister of Kerala, inaugurating ASCEND 2020 at Kochi. Mr.E.P. Jayarajan, Minister for Industries & Commerce, Kerala, Mr. Tom Jose IAS, Cheif Secretary, Mr. M. A. Yusuf Ali, Mr. Ravi Pillai and Dr. K. Elangovan IAS, Principal Secretary, Industries, are also seen
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SCEND 2020 Global Investors Meet was able to garner Rs.98,708 crore as direct promise, Mr. Pinarayi Vijayan, Chief Minister, said at the concluding session of the event on January 10, 2020. He said that “a couple of entrepreneurs whom we happened to miss� at the event but have expressed their willingness to invest. The largest commitment was by Abu Dhabi Investment Authority, which committed around 66 percent of the total investment. The state has received 164
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March 2020
investment proposals. Across the sessions at ASCEND 2020 came in promises worth Rs.32,008crore and towards the end, the Kerala Infrastructure Management Ltd vowed Rs.8,110 crore, while the Abu Dhabi Investment Authority promised investments of Rs.66,900 crore. DP World will be investing around Rs.500 crore for a logistic park. The government plans to meet the prospective investors individually. A team led by Dr. K Ellangovan,
Principal Secretary (Industries), has been entrusted with this task, the Chief Minister said. He said that the government will seriously consider complaints against top officers who are indifferent or negative in their response to industrial investments. A meeting will be convened to sort out the matter by facilitating interaction between top bureaucrats and representatives of the investors. There would not be any intermediaries between prospective entrepreneurs looking for investment in Kerala and the authorities.
