Kochi, Jan 16 (IANS) The Kerala government will give relaxation on land ceiling norms to those who come forward to invest and generate employment opportunities in the state, said Chief Minister Oommen Chandy Friday.
"We have been facing several road blocks when it comes to attracting investment to the state and issues regarding to land has been one of the major road blocks. As per the current policy, a person cannot hold land in excess of 15 acres..
"The government has decided to give relaxation to this policy with certain conditions in order to attract investors to the state," said Chandy while inaugurating the two-day Global NRK Meet organized by Department of Norka and Norka-Roots here.
According to the proposal, if a person agrees to make a Rs.5 crore investment, he would be allowed to hold an acre of land in excess and the same relaxation would also be given to those who come up with a project that promises employment to at least 20 people.
"These projects and investments will be considered as a public purpose and the government will extend all possible support to it. The government is looking forward to the support from NRKs in making considering investments in the technology sector in the state," said Chandy.
He also highlighted the need to make the NRK meet an annual event rather than a biennial one.
"Currently, the NRK meet is organized once in two years. The government is willing to organize the event every year as it is the perfect platform for the NRKs to raise their issues and discuss it with the government," he added.
In his presidential address, Norka Minister K.C.Joseph said the issues faced by the NRKs had increased manifold in recent years and the government was committed to providing all possible help to them.
Finance Minister K.M. Mani said the NRKs were the major contributors to the state's economy and the foreign remittance to the state was nearly Rs 85,000 crore.
"In the recent times, Nitaqat has been one of the serious issues faced by the NRKs and the state government has formulated several welfare schemes to support the returnees," he said, referring to many Gulf states' new policy to keep a percentage of jobs for indigenous populations.
He said that in order to support those returnees who wanted to start their own enterprise, the Kerala Financial Corporation (KFC) will provide an interest-free loan up to Rs.20 lakh while the state government will offer 10 percent capital participation fund.
IT and Industries Minister P.K. Kunhalikutty said that the government was actively considering to promote private industrial parks in the state.
"Those who have land can set up private industrial parks and the government will extend all possible support to such projects. We want the NRKs to come forward and make considerable investment in the state," he added.
Fisheries, Ports and Excise Minister K. Babu said that the NRKs should come forward to make investment in projects like coastal shipping and Kannur airport.
Close to a 1000 people, mostly the diaspora from the various Middle East countries, are attending the meet that ends Saturday.
Ram Lalla Diamond Crown: Ram Lalla will wear a diamond crown worth 6 kg and 11 crores, the courage of the diamond businessman of Surat
Diamond Crown for Ram Lalla's Idol: The program of consecration of Ram temple in Ayodhya has been completed and Ram Lalla has been seated at his birthplace. On Monday, people were seen celebrating in
PM Modi: 'A priceless cultural connection..', PM Modi was thrilled to see Dhol-Manjira and Bhojpuri Chautal on Caribbean soil
Prime Minister Modi arrived in Trinidad and Tobago today on the second leg of his five-nation tour. On reaching Port of Spain, he was given a grand welcome by singing Bhojpuri Chautal in a desi style
Priyanka Chopra Daughter Name: Priyanka Chopra's daughter's name has been revealed, will see such a combination for the first time!
Global star Priyanka Chopra does not need any identity today. It is not everyone's talk to achieve the position that Priyanka has achieved in her career. This year Priyanka and Nick have become the
Team India won by sixes, yet Axar Patel failed to break this record of Kapil Dev
In the second ODI between India and West Indies, Axar Patel played a brilliant inning. Axar scored 64 not out off 35 balls and gave victory to Team India. Patel gave India victory by hitting a six in
Omicron's threat to cricket: Team India's The. Africa tour can be postponed by a week, BCCI also put on hold team selection
Team India's tour of South Africa may change due to the threat of the Omicron variant. According to sources, the board may postpone the tour for a week. However, no official announcement has been made
IND vs WI: Rohit Sharma continues as an opener; For the last 9 years, no batsman is even near him, see the figures
Team India under the leadership of Rohit Sharma has made a bang in the three-match ODI series against West Indies. In the first match, the hosts took a 1-0 lead in the series after thrashing Windies
Delhi Assembly Session: The Assembly session begins today, CM Atishi will present the action plan; the Opposition is fully prepared
The two-day session of the Assembly will begin on Thursday. The newly appointed Chief Minister Atishi can present the government's action plan in the House. Some announcements can also be made. At the
Vaccination of children from next month: Children of 12 to 18 years will get corona vaccine from October, Cadila's JayCov-D will be launched
Amidst the sound of the third wave of Corona, the vaccination of 12-18-year-old children in the country will start next month. The news agency Reuters has given this report quoting sources. According
Ravi Shastri suggests how the workload of cricketers can be reduced
Former India cricketer and head coach Ravi Shastri has demanded a cut in the T20 bilateral series when cricket is battling with the problem of a busy schedule, saying that instead of it, franchise
In the Republic Day parade tableau, the Home Ministry showcased the new criminal laws, which Amit Shah described as a sign of a justice-oriented system.
Home Minister Amit Shah said on Monday that his ministry's tableau in the Republic Day parade showcased the three new criminal laws, symbolizing the historic legal reforms under Prime Minister
