Kerala is organizing the Global Investors Meet ‘ASCEND 2020’. The meet will be held from 9-10 January 2020 in Kochi, Kerala. The meet will be organized by the Industries Department of the state government.
♦ In the meeting, the government will highlight a Kochi-to-Palakkad integrated manufacturing cluster, a Rs.131 crore Defence Park at 60 acres in Ottapalam of Palakkad district and an electronic hardware park in Ernakulam district among 18 mega projects the state government.
♦ The meet will focus on integrated solid waste management systems at Thiruvananthapuram, Thrissur, and Malappuram.
♦ It will focus on the medium density fiberboard plant in Perumbavoor.
♦ The organizers of the program will showcase 70 other projects classified as large, medium and small to provide jobs.
♦ The megaprojects require an estimated investment of more than Rs.100 crore.
♦ These projects are expected to give direct employment to at least 500 people.
♦ The proposed mega-projects also include a Propylene Oxide manufacturing plant of 2,00,000 MPA capacity in the vicinity of Bharat Petroleum Corporation Limited (BPCL)-Kochi Refinery, a Rs. 1,864-crore KINFRA-initiated Petrochemical Park of international standards at Ambalamugal in Ernakulam district and a Polyvinyl Chloride (PVC) manufacturing facility of capacity 150,000 TPA.
♦ To showcase the meeting, the Kerala State government has launched the Invest Kerala Portal. It will provide a single-window facilitator for easy investment promotion under its Ease of doing business initiatives.