Kerala Diaspora meet to Scout for Investments

Posted on 16th Jan 2015 01:25 pm by mohit kumar

Kochi, Jan 15 (IANS) The two-day Global NRK Meet that begins here Friday will scout for investments from the cash-rich Kerala diaspora, an official said Thursday.

The meet is being organised by the department of Non-Resident Keralites' Affairs (NORKA) and its field agency Norka-Roots.

Norka secretary Rani George said the meet would promote the state as a perfect destination for investment.

"Currently, the NRKs do not have any negative perception on the investment climate in Kerala. We want to further boost their confidence and the meet will be a platform for them to explore investment opportunities in Kerala and the government to facilitate it," said George.

A recent report said foreign remittances to Kerala crossed Rs.72,000 crore in the 2013-14 fiscal.

A study conducted by K.C. Zachariah and S. Irudayarajan of the Centre for Development Studies said the number of Kerala migrants till 2014 was 23.63 lakh, with 90 percent of them working or staying in the Middle East.

Kerala Minister for Diaspora K.C. Joseph said they will focus on promoting investments from NRKs in sectors like infrastructure, IT and social enterprises.

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