Kerala must look at new avenues to draw investments into the State with the help of strong institutional setups like a powerful infrastructure commission to tap funds from unexplored areas like sovereign wealth funds.
Global chairman of World Malayalee Council Issac John Pattaniparambil said that Kerala could also explore the possibilities of bilateral agreements between countries, which would provide protection to investments. He was speaking on the sidelines of the two-day Global NRK Meet 2015 here on Saturday.
He said that non-resident Keralite earnings stood at more than Rs. 90,000 crore a year. Tapping even 10 per cent of these funds through instruments like bonds could raise substantial funds to build infrastructure in the State. Earlier, he told a session on investment opportunities at the NRK Meet that the Malayalee Association was not there just to do charity work. The association was engaged in creating thoughts and ideas and tapping the pool of global Malayalee talents for the growth of the State. He said the idea of Air Kerala might not work as it was being planned now. Providing a cheaper travel option to the expatriate Malayalee was a good idea but might not be commercially viable.
