1 hr ago
Keralam Desks Planned in Five Global Cities to Attract Investment
Keralam plans to open investment desks in five cities around the world.
They will be in Dubai, London, New York, Singapore and Tokyo.
The desks will work with groups of people from Keralam who live in those places.
Their goal is to help more people invest in Keralam, rather than focusing mainly on money sent home.
The desks will find possible investors and share their details with the state’s Invest Keralam Cell.
They will also collect information about business opportunities and rules in their cities.
Local recognised organisations will host the desks voluntarily.
The government says the plan will not cost the state money.
The Keralam government has sanctioned desks in Dubai, London, New York, Singapore and Tokyo.
The initiative is part of the state government’s 100-Day Action Plan.
The desks are intended to shift diaspora engagement from remittances toward long-term investment.
Recognised Non-Resident Keralite organisations will host and support the desks voluntarily, at no cost to the state.
The desks will identify investment leads and refer them to KSIDC’s Invest Keralam Cell.
- Who
- The Keralam government, working with recognised Non-Resident Keralite organisations and KSIDC’s Invest Keralam Cell.
- What
- Establishing Keralam Desks to build diaspora relationships, identify investment leads and support investment facilitation.
- Where
- Dubai, London, New York, Singapore and Tokyo.
- When
- The government order was issued on September 30; the initiative is part of the 100-Day Action Plan. The report is dated October 3.
- Why
- To shift diaspora engagement from a predominantly remittance-based approach toward long-term investment and strengthen investment promotion.
Key facts
- Planned locations
- Dubai, London, New York, Singapore and Tokyo
- Government order
- Issued by the Industries Department on September 30
- Plan
- Part of the state government’s 100-Day Action Plan
- Operating model
- Cooperative, honorary and voluntary, with no financial burden on the state
- Hosts
- Recognised NRK organisations in each location
- Investment coordination
- The Invest Keralam Cell under the Keralam State Industrial Development Corporation will provide the institutional framework and receive referred leads.
Quotes
V D Satheesan
Keralam chief minister
“Operating on a zero-cost model in partnership with recognised NRK organisations, these desks will shift our diaspora engagement from remittances to long-term investment, facilitated seamlessly through KSIDC’s Invest Keralam Cell.”
theprint.in
Sources
Related news
Invest Kadapa Centre Opens to Attract National, Global Investment
Revanth Reddy Seeks Singapore Investment in Telangana
Kerala Plans Nationwide Festival for 70th Formation Day
CM Vijay begins first overseas visit to attract investment
Kerala Cabinet Dissolves Loka Kerala Sabha, Plans Diaspora Alternative
Kerala Cabinet Approves Saral Keralam to Speed Investment Approvals
CII Summit Urges Technology-Led, Globally Connected Keralam Economy
Genrobotics opens Kerala facility for defence and space robotics
Kerala to Build Plastic Recycling Park
