Website to track progress of Invest Kerala Global Summit proposals
A website is being launched by the Kerala Industries department to track the progress of work on the investment proposals received at the Invest Kerala Global Summit in February, which will provide a ringside view of the developments in the State on new investments linked to the global summit.
The website is designed in such a way that people are able to access it to assess the status of the proposals. The two-day investment summit in February received more than 370 proposals involving investment to the tune of ₹1.5 lakh crore. The volume of investments was later revised to ₹1.9 lakh crore taking into considerations the proposals received later. The State government had promised that the the Invest Kerala Global Summit proposals will have a high conversion rate.
Foundation
Industries Minister P. Rajeeve said that foundation for 13 units involving an investment of ₹4,410 crore, received at the global summit, would be laid later this month. April had seen works beginning on four projects involving an investment of ₹1,670 crore. These proposals were also received at the global investors' summit. In addition to these projects, work had been progressing on 76 projects involving investments of ₹1,385 crore since February, the Minister added.
The proposed website will provide a monthly overview of the projects for which foundation has been laid and also give a view of the work progress in projects for which foundation has been laid.
The government has appointed 28 groups under nodal officers to monitor the progress of the projects under the Kerala State Industrial Development Corporation, Kinfra and the Directorate of Industries.
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