THIRUVANANTHAPURAM: At the state's Investment roadshow in Hyderabad on Friday evening, Chief Minister Pinarayi Vijayan will meet with prominent industry leaders, members of CII, CREDAI, representatives of IT, pharma, and other industries to discuss investment potential in Kerala.
A high-level delegation led by Vijayan and including Chief Secretary V.P. Joy, among others, will present the state's investment opportunities in thrust and emerging sectors such as biotechnology, information technology, pharma, and other sunrise sectors to entrepreneurs, according to a statement from the CM's office. Legislative changes, digital transformation, procedure simplification, and industrial infrastructure facilitation initiatives undertaken by the state will also be highlighted.
This new development comes after Kitex Group, a Kerala-based textiles company, said in September last year that it will invest Rs 2,400 crore in Telangana to establish two integrated fibre to garment manufacturing clusters.
After having disagreements with the state government, Kitex, headquartered in Ernakulam, accepted the challenge thrown down by Telangana Industry Minister K.T. Rama Rao, who sent a chartered jet to bring Kitex Group Chairman and Managing Director Sabu M Jacob and hold discussions with him, offering numerous soaps, to which Jacob agreed and signed the MoU with the Telangana government.
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