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NRI investors in Kerala to push for state’s development

Saturday, January 09, 2010 04:33:41 PM, IANS

New Delhi: Investors in Kerala including those based outside the country have decided to form a non-political grouping to push for economic development in the state, a NRI originally from Kerala said Saturday.

Noted NRI industrialist P.N.C. Menon suggested the idea, which was supported by leading NRI investors including Gulfar Mohammadali, Ravi Pillai, C.K. Menon and M.A. Yusuff Ali.

“The group will be formed in three months. It will be a non-profit, non-political organisation. Our aim is to create an environment conducive for development and generate 12 million job opportunities in Kerala by 2020,” said Menon, chairman of the Sobha Group.

Menon said there are around 500 highly successful Malayalee investors, including outside the country, and he was trying to coordinate with them.

“It will be a pressure core-group. Economic development of Kerala with political consensus is the aim of the group. Any person who is interested in investment and economic development of the state can become a member of the group,” he told reporters.

Earlier in the day, Menon presented the idea before a meeting of non-resident Kerala investors attended by state Industries Minister Elamaram Kareem.

Kareem accepted a demand by M.A. Yusuff Ali that an industrial park should be created for NRI investors in Kerala.

“The government is willing to create an industrial park exclusively for NRIs,” Kareem said.

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