Preparations are on full swing for the proposed Global
Investors Meet (GIM) scheduled for 18 and 19 January
2003. More than 100 projects will be presented in the
meet to attract foreign investors. Project profiles covering
the core competent sectors of Kerala are under various
stages of finalisation.
the consultants for GIM, have been interacting with the
various state government departments for short-listing
viable projects under each department and preparing project
series of discussions have already been undertaken with
the departments, based on which a set of more than 100
project ideas have been short-listed. A set of 50 select
project profiles is under various stages of completion.
A final round of discussions with all concerned departments
is proposed, before finalising the project ideas and profiles.
first set of 13 major projects under development that
are being considered for GIM and the various clearances
and issues that need to be addressed in each case or sector
were also placed before the Kerala State Single Window
Clearance Board (KSSWCB) in the fourth meeting.
board has authorised the managing director of Kerala State
Industrial Development Corporation (KSIDC) as the convenor
of KSSWCB to hold separate meetings of the concerned officials
with regard to each project and sector.
few major projects for which memorandums of understanding
(MoU) have been entered into recently include: the international
resort complex at Nedumbassery, with M N Satish, managing
director, Bamco Group of Companies, Bahrain, for an estimated
capital cost of Rs 33 crore; International Residential
School in Thiruvananthapuram, at an estimated capital
cost of Rs 20 crore with George M Thomas, managing director,
Saif Harassi Group of Companies, Oman; Heritage Village
in Kerala with Sasidharan G Nair, Texas, USA; and a tourist
resort in Kerala with Chandu Patel of California, US.
is being preceded by road shows within India and abroad,
especially the US, Europe, the Middle East and Southeast
Asia. The first of such road shows were held in the US
from 3 to 16 July 2002. Kerala Minister for Industries,
Social Welfare and IT P K Kunhalikutty and Minister for
Non-resident Keralite Affairs M M Hassan led the delegation
to the US. The delegation included top government officials
delegation covered major US cities like Chicago, San Jose,
Washington and New York. A series of meetings with various
political leaders, investors, corporates and industry
associations was arranged in these places, which were
followed by one-to-one interactive sessions.
the major companies the delegation called on were Rolls
Royce, Hewlett Packard, IBM, British Telecom, Cognizent
Technologies and Agilent Technologies. Rolls Royce has
expressed interest for setting up an aircraft maintenance
facility at Nedumbassery airport and British Telecom for
setting up telecommunication networks. The others were
interested in the IT sector, say sources.
other areas where investors and corporate groups have
indicated interest are tourism, food processing, textiles,
real estate and infrastructure projects. The high-level
delegation that visited Europe in August 2002 for participating
in Samavayam 2002 has utilised the opportunity to interact
with prospective investors in Europe, in the context of
Salahuddin Consulting Engineering Bureau (MSCEB), a world-renowned
consulting firm based in Bahrain, will aid Kerala in the
initiatives to mobilise investments. An MoU was signed
in this regard between Mohamed Salahuddin, the managing
director of the company, and Jiji Thomson, managing director,
KSIDC, in the presence of John Mathai, principal secretary
(industries), Kerala government, and senior MSCEB officials.
MSCEB will play a pivotal role in channelling foreign
direct investments from the kingdoms of Saudi Arabia,
Qatar and Bahrain for specific projects identified by
and Thomson, who were in Bahrain as part of the road shows
on GIM, held wide-ranging discussions with key businessmen
and non-resident Keralites in the region. Later, the team
visited Shaikh Ebrahim bin Hamad al-Khalifa, a senior
member of the ruling family of the Kingdom of Bahrain,
and briefed him on the opportunities for investment in
sources confirm that preliminary steps are being initiated
towards setting up a test laboratory and an air-conditioner
manufacturing facility, thanks to the negotiations by
the delegation to Bahrain.
group of companies from South Korea is pondering over
relocation of their businesses to Kerala. Plans are also
on the anvil to set up a ship-repairing unit as well as
an international college of IT in the state with Korean
participation. Announcing this, Park Chan Dong, the CEO
of Sigma Group of Companies, who is also the secretary-general
of the Korean Federation of Small and Medium Business,
stated that the finer aspects of the proposals will be
declared during GIM.
who was on a visit to Kerala recently, said a Korean
village will be established in the state where Korean
companies from 15 different industries will establish
their manufacturing base. It is expected that the proposals
will result in a total investment of Rs 1,000 million
in the state in a phased manner.