Emerging Kerala: 45 projects worth Rs 40,000 cr proposed

KOCHI: The three-day Emerging Kerala meet elicited 45 specific project proposals envisaging an investment of over Rs 40,000 crore.

Chief Minister Oommen Chandy announced this during the valedictory function of the event here on Friday.

Major projects includes BPCL-Cochin refinery expansion and a joint venture project of Rs 18,000 crore; Volkswagen’s engine assembly unit with an estimated cost of Rs 2,000 crore; a hospital and pre-cast concrete structure manufacturing unit of Rs 570 crore and a solar energy plant of Rs 500 crore.

The Confederation of Indian Industry (CII) has already announced the setting up of a Centre of Excellence in Entrepreneurship in the State.

A Kerala State Investment Board would be set up soon, the Chief Minister said.

Necessary amendments would be effected to the Single Window Clearance Act, including making the application process online for effective and faster clearance.