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2014-02-27

Kerala is the best state to start a business: Chandy

Kerala is the best state in India to start a business, considering the opportunities offered by its fast-growing cities and the support offered by the government, Chief Minister Oommen Chandy said recently in Kochi.

Kerala is the best state in India to start a business, considering the opportunities offered by its fast-growing cities and the support offered by the government, Chief Minister Oommen Chandy said recently in Kochi.

 

Chandy told this to investors at the two-day "Partner Kerala" urban development meet held in the city.

 

"Kerala should create opportunities from within the state to revamp its infrastructure. In the past, the government's ventures mainly focused on education, health and social development. Though this helped the state carve its own niche, Kerala lagged behind others in infrastructure development," the CM said.

 

On the huge turnout of investors at the meet, he said his government was seeking solid financial resources to turn into reality the proposals presented at the meet.

 

"Most of our popular ventures have been put on hold due to lack of funds. It is in this context we decided to promote the public-private partnership model."

 

"The department of urban affairs (which organised the meet) would immediately make arrangements to strengthen the public-private partnership cell to expedite the launch of these projects," he said.

 

Urban Affairs Minister Manjalamkuzhi Ali said the event was a success with 100 expressions of interest signed for developing 64 projects at a total cost of Rs.4,291.89 crore.

 

"The meet was a big hit among investors. The government managed to attract investors for two-thirds of the projects showcased at the meet aimed at helping the cash-strapped local bodies," Ali told reporters at the end of two-day event.

 

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