Holiday Group to invest Rs 1,000 crore in state

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Kochi, June 20: UAE-based Holiday Group is planning to invest around Rs 1,000 crore in infrastructure, housing and hospitality sectors in the next five years in Kerala.

Speaking to reporters here last evening, Group Chairman C C Thambi said the construction of a five-star deluxe resort, which would have 50 cottages, at Bekkal near Kasargod had started and would be operational by 2009.

He said the Group would launch its major housing projects in Marine Drive, Kadavantra, Maradu, Kakkanad, Kalamasery and Nedumbassery in the city tomorrow.

Keeping in mind the growing opportunities in the tourism sector, Mr Thambi said the company was planning to start five-star hotels in Kochi, Kumarakom, Kovalam and Thiruvananthapuram.

He said large shopping malls in major cities like Kochi, Thrissur and Kozhikode and intergrated townships in Kalamassery and Nedumbassery were also in the pipeline besides starting theme restaurants and motels on national highways.

UNI

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