INVESTMENT CLEARANCES IN KERALA
Kerala to launch digital dashboard for real-time monitoring of projects
Kerala plans to introduce a digital dashboard at the Chief Minister's Office for project monitoring. This initiative aims to track infrastructure project progress and accelerate implementation. The Saral Keralam Act simplifies investment approval processes by unifying existing laws. Additionally, the government will promote major developments such as an international convention centre in Kochi.
DMK chief Stalin slams TVK govt over GST slump, loss of Rs 1,614 cr Korean investment to AP
M K Stalin has accused the ruling TVK government of causing economic decline in Tamil Nadu. He pointed out the record lows in GST revenue growth compared to other states. A significant foreign investment proposal shifted to Andhra Pradesh due to governmental negligence. Former finance minister Thangam Thennarasu highlighted the worrying economic stagnation under the current regime.
Explained: What Oriental Hotels’ merger with IHCL means for shareholders
IHCL will merge Oriental Hotels into itself through an all-stock transaction, with Oriental Hotels shareholders set to receive 25 IHCL shares for every 117 shares held. The merger will bring seven hotels and 825 rooms into IHCL’s standalone portfolio, while simplifying the group structure and creating operational and cost synergies.
India to give Canada's Fairfax two years to consolidate holdings for IDBI Bank deal: Sources
Fairfax Financial may receive two years to consolidate its Indian bank holdings. This consolidation is necessary for its acquisition of a majority stake in IDBI Bank. The government and Life Insurance Corporation are finalizing this significant transaction. Fairfax currently holds a substantial stake in the smaller lender CSB Bank. The Canadian investor will either sell its CSB stake or merge it with IDBI Bank.
APSEZ to sell 49% in Vizhinjam port to MSC Group arm
Adani Ports is selling a 49% stake in its Vizhinjam port project to MSC Group's port arm, TiL, for $1.397 billion. This deal values the Kerala port at a significant $2.85 billion, marking the largest foreign private investment in Indian port infrastructure. The agreement, signed Monday, strengthens the existing partnership between Adani and MSC, pending regulatory approvals.
Karnataka to set up joint industry–govt panel to resolve project delays, boost ease of doing business: MB Patil
Karnataka will establish a joint consultative committee with industry bodies to streamline operations and resolve project delays. Inspired by a successful model in Kerala, the committee will feature senior government officials and industry representatives to foster a hassle-free industrial ecosystem and accelerate growth.
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Kerala Industries department like 'frog in the well': Kitex Chairman
"They are like a frog in the well and unaware of the investor-friendly atmosphere in other states," he said. On apprehensions of inspections, like 11 carried out in his units in Kerala in 30 days, he said the Telangana government assured him that no official would trouble any industry in that regard.
Kerala to give immediate approval to investment up to Rs 10 crore
“The huge response from entrepreneurs at the recently held global investors meet ASCEND Kerala 2020 is a reflection of high investor confidence Kerala now enjoys and an endorsement of the measures the state Government has taken,” Jayarajan said.
SmartCity Kochi draws up plan to raise Rs 4000 crore
Activating infrastructure ready residential plots and by completing the balance infrastructure development.
Trade unions are with us and era of red-tape is over: Kerala CM P Vijayan to investors
“The era of red tape mindset is over. We have to change our attitude,” CM Vijayan said.
Kerala government launches online clearance mechanism for entrepreneurs
The Kerala single window interface (K-SWIFT) was launched by Kerala chief minister Pinarayi Vijayan at ASCEND Kerala 2019, an initiative to position the state as an investment hotspot.
Conference to showcase Kerala as top investment destination
Kerala chief minister Pinarayi Vijayan will release the ‘Invest Kerala Guide’ at the inaugural session of the event.
Kerala introduces reforms for ease of doing business
A host of Acts and rules relevant to granting clearances have been subjected to thorough review and revision.
Kerala records growth in investment proposals, most of which remain non-starters
Investments attracted by construction and real estate sector have recorded highest CAGR of about 44% followed by mining 20% and irrigation 18%.
CIAL hands over Rs 20.72 crore dividend to government
Chandy said government was also committed to go ahead with the low budget airline service 'Air Kerala', a request for which was pending with the Centre.
'Make-in-Kerala' on the anvil to woo more investments
Industries and IT minister P K Kunhalikutty said several areas have been identified for the programme.
'Work on 3 crucial rail links for coal to be over by December 2016'
Swarup said the PMG has received applications for 449 stalled projects, worth over Rs 1,000 crore each, entailing an investment of Rs 22 lakh crore.
BPCL's Rs 14,225-crore refinery expansion project gets green nod
The Environment & Forests Ministry has granted environment clearance to the Rs 14,225 crore Integrated Refinery Expansion Project (IREP) of Bharat Petroleum Corporation to be implemented at Kochi Refinery Ltd.
Rich Gulf Keralites line up mega investments in retail, hotels, residential projects and hospitals
Malayalis who migrated from Kerala decades ago and earned prosperity in the Gulf are eager to invest in their home state, lured by its rising affluence.
We need business and we will do everything transparently: Oomen Chandy, Chief Minister of Kerala
Emerging Kerala, the three-day event that concludes on Friday, is a step in that direction says Chandy.
NRI Consortium to invest over Rs 2,000 crore to set up ITeS projects
A consortium of NRIs from various countries propose to invest over Rs 2000 crore in Kerala to set up IT/ITES enabled business parks.
Chandy dangles Rs 2.4-trillion investment carrot to India Inc
Kerala CM Oommen Chandy said that labour problem, trade union militancy were matters of the past and there was no place for such issues in a competitive biz environment.
Kochi Metro Rail gets Public Investment Board's approval
Kerala's dream project, Kochi Metro Rail, has received the central Public Investment Board's green signal.
Planning Commission approves Rs 248 cr flood control scheme in Kerala
The flood mitigation project involves construction of 12 water sheds and is scheduled for completion by March, 2013.
Capital-hater VS chases big money off Kerala
Big ticket investments are still an anathema for Kerala’s Left Democratic Front (LDF). A meeting of LDF on Monday put clearances for four major projects in the cold storage.
Kerala all set to emerge as major economic hub
Kerala is all set to witness a quantum leap in economic activities with the Government proposing to have second Special Economic Zone (SEZ) in the state.
Kerala to become favoured investment destination
The Kerala government on Wednesday unveiled an action plan to convert the state into a favoured investment destination by promoting public-private partnership in infrastructure development and offering to set up exclusive industrial parks for NRI investors.
Lobbying by CPM for Chinese co will fall flat
If the National Security Council has its way, the Left Front’s demand for allowing a Chinese consortium to develop the Vizhinjam port in Kerala is unlikely to be met.
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