THIRUVANANTHAPURAM: Giving emphasis to asset creation and promoting investment in the IT sector would help Kerala emerge as an attractive destination for investments, Industries Minister P K Kunhalikutty has said.Replying to the discussion in the Assembly on Thursday on the demand for grants for Industries and Urban Development departments worth `277.85 crore and `295.79 crore respectively, Kunhalikutty said that ‘Emerging Kerala’ would not be an event similar to the GIM organised during the previous UDF regime.Instead, it would be a realistic approach to attract investors to the state. Electronics and IT sectors would be given priority and it would be implemented under public private participation/ private and through other initiatives. He said following the economic slowdown in the US and European countries India has become an attractive destination for investors. He said Bharat Petroleum Corporation Limited (BPCL) would invest Rs 18,000 crore for capacity expansion in the state. A MoU had been signed with GAIL for a gas project. When the GAIL’s gas pipeline becomes a reality, prospects for several gas-based industries would brighten.
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