Projects including Kochi Metro showcased to woo NRKs

Saturday, Jan 17, 2015,20:12 IST By metrovaartha A A A

Kochi | Aiming to boost infrastructure development, the Kerala government today showcased three of its major projects, including Kochi Metro Rail, before the non-resident Keralites (NRKs) for making investments in it.
Kochi Metro Rail Managing Director, Elias George, Kannur International Airport Ltd Managing Director, G Chandramouli and Startup Village Chairman, Sanjay Vijayakumar made detailed presentation on the respective projects at two-day global NRK meet here.
We are not just attempting to set up a metro system, but make Kochi a city with seamless transport system. We want the NRKs to make investment in two major township projects of KMRL at Muttom and Kakkanad, Elias George said.
Stating that an investment of Rs 20 crore was expected for the 18-acre Kakkanad project and Rs 230 crore for the 215 acre Muttom project, he said both the projects would soon be opened up for investment from NRKs.
Kannur International Airport Ltd MD G Chandramouli said the nearly Rs 1,900 crore project was on the right track and they would be able to conduct the trial run by December this year.
We have been able to get considerable investment from Airports Authority of India. Of the 16 per cent stake open to public, we have been able to get investment up to 14 per cent and we want the NRKs to invest in the remaining two per cent, he said.
Startup Village Chairman Sanjay Vijayakumar, in his presentation, highlighted the different investment options available for the NRKs at the facility which has created a revolutionary ecosystem for startups in the state.
To fuel this growth, we are targeting a total investment of Rs 750 crore to set up a million sqft world class infrastructure incubation facility and an angel fund to finance the start ups, he added.
The event also witnessed Health Department Secretary K S Elangovan highlighting the achievement of the state’s health sector and the various welfare programmes.
He sought the support of the NRKs in ‘Karunyam Kerala Project’ which offers free cancer treatment to the patients in the state.