Kerala lures expat investments by lifting land-ceiling limit
A person would be allowed to hold an acre of land in excess if he agrees to invest Rs5 crore
Step aimed at boasting state economy and increasing employment
In a bid to attract more investors to the Indian state of Kerala, the state government has announced its decision to lift the land-ceiling limit, which disallows “a person from holding land in excess of 15 acres”.
The step is aimed at generating more employment in the state, Kerala chief minister Oommen Chandy told the Indian media during the two-day Global NRK (non-resident Keralite) meet in Kochi.
“We have been facing several road blocks when it comes to attracting investment to the state and land is a major concern,” he told Manorama online.
“The government has decided to relax this policy and introduce certain conditions to attract investors.”
According to the proposal, a person would be allowed to hold an acre of land in excess if he agrees to invest Rs5 crore. Alternately, he could also come up with a project that employs at least 20 people.
“These projects and investments will be considered as a public purpose and the government will extend all possible support to it,” the CM said.
Finance Minister KM Mani acknowledged that major of the contributions to the state’s economy come from foreign remittance, and total up to nearly INR85,000 crore.
He added that the government was also focused on helping those returning to the state. “Those who return to the state and want to start their own enterprise can secure interest-free loans up to INR20 lakh from the Kerala Finance Corporation (KFC). Additionally, the state government will offer 10 per cent capital participation fund.”
“Those who have land can set up private industrial parks and the government will extend all possible support to such projects. We want the NRKs to come forward and make considerable investment in the state,” stated IT and Industries Minister PK Kunhalikutty.
Fisheries, Ports and Excise Minister K Babu said NRKs should come forward to invest in projects like coastal shipping and the Kannur airport.
Nearly 1,000 people, mostly the diaspora from the various Middle East countries, attended the meet on Saturday.
Please note that under 66A of the IT Act, sending offensive or menacing messages through electronic communication service and sending false messages to cheat, mislead or deceive people or to cause annoyance to them is punishable. It is obligatory on kemmannu.com to provide the IP address and other details of senders of such comments, to the authority concerned upon request. Hence, sending offensive comments using kemmannu.com will be purely at your own risk, and in no way will Kemmannu.com be held responsible.
Similarly, Kemmannu.com reserves the right to edit / block / delete the messages without notice any content received from readers.
Final Journey of Judith Lewis (91 years) | LIVE From Kallianpur
Rozaricho Gaanch April, 2024 - Ester issue
Final Journey Of Theresa D’Souza (79 years) | LIVE From Kemmannu | Udupi |
Invest Smart and Earn Big!
Creating a World of Peaceful Stay!
For the Future Perfect Life that you Deserve! Contact : Rohan Corporation, Mangalore.
Final Journey Of Joe Victor Lewis (46 years) | LIVE From Kemmannu | Organ Donor | Udupi |
Milagres Cathedral, Kallianpur, Udupi - Parish Bulletin - Feb 2024 Issue
Way Of Cross on Good Friday 2024 | Live From | St. Theresa’s Church, Kemmannu, Udupi | LIVE
Good Friday 2024 | St. Theresa’s Church, Kemmannu | LIVE | Udupi
2 BHK Flat for sale on the 6th floor of Eden Heritage, Santhekatte, Kallianpur, Udupi
Maundy Thursday 2024 | LIVE From St. Theresa’s Church, Kemmannu | Udupi |
Kemmennu for sale 1 BHK 628 sqft, Air Conditioned flat
Symphony98 Releases Soul-Stirring Rendition of Lenten Hymn "Khursa Thain"
Palm Sunday 2024 at St. Theresa’s Church, Kemmannu | LIVE
Final Journey of Patrick Oliveira (83 years) || LIVE From Kemmannu
Carmel School Science Exhibition Day || Kmmannu Channel
Final Journey of Prakash Crasta | LIVE From Kemmannu || Kemmannu Channel
ಪ್ರಗತಿ ಮಹಿಳಾ ಮಹಾ ಸಂಘ | ಸ್ತ್ರೀಯಾಂಚ್ಯಾ ದಿಸಾಚೊ ಸಂಭ್ರಮ್ 2024 || ಸಾಸ್ತಾನ್ ಘಟಕ್
Valentine’s Day Special❤️||Multi-lingual Covers || Symphony98 From Kemmannu
Rozaricho Gaanch December 2023 issue, Mount Rosary Church Santhekatte Kallianpur, Udupi
An Ernest Appeal From Milagres Cathedral, Kallianpur, Diocese of Udupi
Diocese of Udupi - Uzvd Decennial Special Issue
Final Journey Of Canute Pinto (52 years) | LIVE From Mount Rosary Church | Kallianpura | Udupi
Earth Angels Anniversary | Comedy Show 2024 | Live From St. Theresa’s Church | Kemmannu | Udupi
Kemmannu Cricket Match 2024 | LIVE from Kemmannu
Naturya - Taste of Namma Udupi - Order NOW
New Management takes over Bannur Mutton, Santhekatte, Kallianpur. Visit us and feel the difference.
Focus Studio, Near Hotel Kidiyoor, Udupi
Earth Angels - Kemmannu Since 2023
Kemmannu Channel - Ktv Live Stream - To Book - Contact Here
Click here for Kemmannu Knn Facebook Link