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Kerala CM to carry ‘Funding Roadshow’ in Hyderabad right now

Months after the Telangana authorities wooed Kerala-based KITEX Clothes to put money into the state, the CPI(M)-led Kerala authorities will conduct an “funding roadshow” in Hyderabad on Friday.
An official communication from the Kerala Chief Minister’s Workplace mentioned a high-level delegation led by Pinarayi Vijayan would meet chosen trade leaders of Telangana in an ‘Funding Roadshow’, which is scheduled to be held at 5 pm at Lodge Park Hyatt.
Members of the Confederation of Indian Trade and CREDAI, and representatives from the IT and pharma industries are attending the roadshow.
Members of Parliament John Brittas and Ayodhya Rami Reddy Alla will deal with the delegates.
“Kerala is showcasing the funding alternatives of the state in thrust sectors, and rising sectors equivalent to bio-technology, data know-how, pharma, and different dawn sectors, earlier than the entrepreneurs. The legislative reforms, digital transformation, simplification of procedures and industrial infrastructure facilitation taken up by the state are additionally being showcased,” mentioned the official communication.
The delegation will embrace State Chief Secretary V P Pleasure, Principal Secretary (Industries & NORKA) Ok Ellangovan, Director Tourism Krishna Teja Mylavarapu and Kerala State Industrial Improvement Company Government Director NSK Umesh.
In July final 12 months, Kochi-based KITEX Clothes introduced it was abandoning its proposed funding of Rs 3,500 crore in Kerala as “it was troublesome to run the present models as a result of hurdles attributable to the federal government”.
Subsequently, the Telangana authorities invited KITEX to make funding in that state. The Telangana authorities had even despatched a particular flight to Kochi to take the KITEX staff for discussions.
The group had then introduced a Rs 1,000 crore challenge in that state, with its managing director Sabu Jacob saying he wouldn’t make investments a single rupee in Kerala.

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