Vayalar Ravi invites Pravasis to invest in India

Union Minister for Overseas Indian Affairs Shri Vayalar Ravi has said that investments of non-resident Indians will be safe in India. Speaking at an interactive session on Kerala in the Pravasi Bharatiya Divas Convention in Chennai, he pointed out that India could withstand the global economic crisis due to the strength of our economy.

Referring to the initiatives taken by the Government of Kerala, Shri Ravi said that a Corporation for NRI investments has been formed in the State. The Kochi International Airport itself is an example of NRI participation, he pointed out. NRI investment will have a major share in the growth and advancement of the State in future also, the Minister added.

Participating in the interactive session, Minister for Industries, Government of Kerala Shri Elamaram Kareem said that many NRIs are coming forward to invest in Kerala and the State has become a safe investment destination. A number of major projects are in the pipeline and an international airport at Kannur with the participation of NRIs is one among them.

AR/IV