Kerala Govt to float company to channelise NRK investment

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Kochi, Jan 3 (UNI) The Kerala Government is planning to float a company, with an authorised capital of Rs ten crore, to channelise investment from Non-Resident Keralites (NRKs), Non-Resident Kerala Affairs (NORKA) department Secretary Sheela Thomas said today.

Speaking to mediapersons on the conclusion of 'Keraleeya Pravasi Sangamam 2008' here, she said ''The company will provide consultative service to NRK investors, promote housing colonies, old-age homes and self-contained villages for the returnees.'' Ms Thomas said one crore shares at a face value of Rs ten each would be issued for the formation of the company.

She said the Government had also chalked out welfare schemes for the 33.5 lakh NRKs in various parts of the world.

''The welfare schemes will be for Keralites working overseas and in other states and for returnees who have worked for at least three years outside the State,'' the official said.

Ms Thomas said the schemes would be for people aged between 18 and 55 and the members should remit a monthly subscription of Rs 100, 250, 500 or 1,000.

The Government would give identity cards to NRKs and organise a youth festival for their children in July or August, she added.

The programme, attended by over 500 representatives of various organisations, deliberated on issues relating to the NRKs.

UNI MA GD AE PM1931

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