The ₹131-crore Defence Park at 60 acres in Ottapalam of Palakkad district will have central government assistance under the Modified Industrial Infrastructure Upgradation scheme. Jayarajan. Necessary changes will be made in the land legislation act to enable this. Seeking to remove the land constraints faced by big units, the 15-acre ceiling on the land to be held by them will be relaxed. ASCEND Kerala 2020 global investors meet Keralas new scheme to enhance ease of doing business announced, FinMin allocates Rs 39,097 croe for MEIS benefits for 2019-20; Rs 15,555 crore for Apr-Dec 2020, Industrial production grows 0.2% in September; enters positive territory after 6 months, India Inc lauds Modi govt’s Diwali bonanza, says it will cheer stressed sectors, spur job creation, Sun Pharmaceutical Industries Share Price, This website follows the DNPA’s code of conduct. Supreme Court grants interim bail to Arnab Goswami, two others in 2018 abetment to suicide case, Bihar Assembly elections | No second thoughts about Nitish Kumar as Chief Minister, says BJP in-charge for Bihar, Government to govern Netflix, Amazon Prime and other OTT platforms, Bihar Assembly polls | NDA overcomes stiff challenge to retain power in Bihar. almost all senior cpm siblings are employed in private firms big industrialist. A two day organised Global Investors Meet – ASCEND 2020 was held in Kochi, Kerala at Lulu Bolgatty International Convention Centre, Grand Hyatt, from January 9-10.The meet was inaugurated by the Chief Minister of Kerala Shri Pinarayi Vijayan and was organised by states Department of Industries. KINFRA also plans to set up Rs 400 crore logistic hub in Palakkad (Kerala) and also to set up cryogenic warehouse in Kochi’s Puthuvypeen. This tool can help detect data vulnerabilities in AI-powered systems, PUBG Mobile is coming back to India in a new avatar, New genus of treefrog discovered in Andaman Islands. From barren to swampy, Kadapa shows the way in water conservation! Copyright © 2020 Bennett, Coleman & Co. Ltd. All rights reserved. Kinfra is also keen to set up a ₹400-crore logistics hub in Palakkad with warehousing facility, while the thrust will also be given to set up a ₹300-crore cryogenic warehouse at Puthuvypeen next to the LNG terminal. ASCEND 2020 comes amid a paradigm shift Kerala is experiencing in harnessing industrial investments, according to state Industries Minister E.P. Watch | India’s first batch of homegrown asafoetida, A student’s parting gift to her alma mater. ASCEND 2020, a two-day global investors meet beginning here on January 9, will showcase 18 mega projects with over ₹100 crore investment each and offering direct employment to over 9,000 people. 32,008 crore proposals were received at the event from 138 projects. This will alert our moderators to take action. Explained | How will the government regulate online news and OTT platforms? ASCEND is the international space community’s first event focused entirely on getting humanity’s off-world future off the ground. It'll just take a moment. Kochi will host the Global Investors Meet: ASCEND 2020 which will showcase 18 mega projects with over Rs 100 crore investment each and offering direct employment to over 9,000 people. As per the scheme Wage subsidy will be provided for the first 5 years for new ventures getting registered on April 1, 2020. ii.Proposed mega projects: Mega projects are those that has more than Rs 100 crore investment. ASCEND 2020: Kochi to host Global Investors Meet on 9-10 Jan 1 min read. The January 9-10 ASCEND 2020 in Kochi will also see organisers showcasing 70-odd other projects classified as ... Kerala global investors meet this week to showcase 18 mega projects at ASCEND 2020. Asserting that the investment ecosystem prevailing in Kerala is one of the best in the country, chief minister Pinarayi Vijayan said the government was committed to carry on with its policy initiatives to simplify investment procedures. iv.Pact by KIFML & ADIA: Kerala infrastructure Fund Management Ltd.(KIFML) and Abu Dhabi investment Authority (ADIA) have signed 1 projected but have designated Rs 8110 crore for six projects. FE Knowledge Desk explains each of these and more in detail at Financial Express Explained. An estimated 37 lakh people will benefit ,” he said. Dont forget to try our free Income Tax Calculator tool. Also get Live BSE/NSE Stock Prices, latest NAV of Mutual Funds, Best equity funds, Top Gainers, Top Losers on Financial Express. Advertisement . However, we have a request for those who can afford to subscribe: please do. Here is an ideal destination where investment can be made in diverse sectors without having any tension or anxiety,” the chief minister said while inaugurating the two-day ASCEND Kerala 2020 global investors meet here, showcasing over 100 major projects before the leaders of industry. ASCEND Kerala 2020 global investors meet Keralas new scheme to enhance ease of doing business announced. Your support for our journalism is invaluable. Venue for the Ascend Kerala 2020 is the Lulu Bolgatty International Convention Centre, Bolgatty Island in Kochi, Kerala, India. Your Reason has been Reported to the admin. Also, the focus would be on a medium density fiberboard plant in Perumbavoor and integrated solid waste management systems at Thiruvananthapuram, Thrissur and Malappuram. We promise to deliver quality journalism that stays away from vested interest and political propaganda. You are now subscribed to our newsletters. For reprint rights: Mutation could be one of the reasons for sudden spike in Covid cases in Kerala: Kerala Guv Arif Mohammed Khan, Kerala sees record spike with 4,696 cases, Kerala says its new sea food park will boost seafood exports, Kerala HC rejects anticipatory bail pleas of Sivasankar in gold smuggling case, Kerala becomes the first state to fix floor price for vegetables, Like Kerala, Karnataka to build transit homes for migrants. Choose your reason below and click on the Report button. v.Investors & investment worth: Some of the major investors and their investment worth are Kitex group-Rs 3500 crore; MSME (Ministry of Micro, Small and Medium Enterprises) Consortium- Rs 2050 crore; Joy Alukkas-Rs 1500 crore; Ashique Chemicals and Cosmetics- Rs 1000 crore; Aerotropolis Kannur- Rs 1000 crore and Delwan group, Qatar- Rs 1000 crore. ADIA has also promised to invest Rs 66,900 crore for logistics park and other projects. Your Reason has been Reported to the admin. It has helped us keep apace with events and happenings. Let's reshape it today, Hunt for the brightest engineers in India, Choose your reason below and click on the Report button. As we fight disinformation and misinformation, and keep apace with the happenings, we need to commit greater resources to news gathering operations. 2020The Indian Express [P] Ltd. All Rights Reserved. Kerala government on Thursday unveiled a set of initiatives that will enhance the ease of doing business, including a wage subsidy scheme for the first five years for new ventures getting registered from April 1, 2020. State is conducting an event titled, ASCEND 2020 KERALA on 9-10 January 2020 at Lulu Bolgatty International Convention Centre, Bolgatty Island, Kochi. We also reiterate here the promise that our team of reporters, copy editors, fact-checkers, designers, and photographers will deliver quality journalism that stays away from vested interest and political propaganda. Kochi to host Global Investors Meet on Jan 9-10; focus on 18 mega projects. Set to showcase at ASCEND is the Invest Kerala Portal as a single-window facilitator for hassle-free investment promotion launched under its Ease of doing business initiatives, the release said. Asserting that the investment ecosystem prevailing in Kerala is one of the best in the country, chief minister Pinarayi Vijayan said the government was committed to carry on with its policy initiatives to simplify investment procedures. ASCEND 2020, a two-day global investors meet beginning here on January 9, will showcase 18 mega projects with over ₹100 crore investment each and offering direct employment to over 9,000 people. Stock Market. The meet - ASCEND 2020 - here will also see organisers showcasing 70-odd other projects classified as large, medium and small in the descending order of their capital investment and capacity to provide jobs, organisers said in a release here on Monday. For reprint rights: Kerala chief minister to open global investor meet ASCEND 2020, Inciting hatred against a certain community, India's 1st Online Instant Personal Loan Marketplace. Copyright © HT Digital Streams Limited All rights reserved. The proposed mega projects further include a Propylene Oxide manufacturing plant of 2,00,000 MPA capacity in the vicinity of BPCL-Kochi Refinery, a PVC manufacturing facility of capacity 150,000 TPA and a ₹1,864-crore KINFRA-initiated Petrochemical Park of international standards at Ambalamugal in Ernakulam district. Overall, the event received 164 investment proposals. only industrialist who are ready accommodate senior cpm leaders kith and kin are welcome. “Though a small state, we have several inherent strengths that make us different, including our natural assets and highly qualified human resource. Copyright © 2020 Bennett, Coleman & Co. Ltd. All rights reserved. The bar on women factory workers being put on night shift will be lifted. Do you know What is Cash Reserve Ratio (CRR), Finance Bill, Fiscal Policy in India, Expenditure Budget, Customs Duty? By: FE Bureau | January 10, 2020 12:13 PM.