IDC formulates projects for NRIs

Thiruvananthapuram, Mar 13 (UNI) The Kerala Industrial Development Corporation (IDC) has formulated small and medium projects for Non Resident Indians (NRI) interested in investing in the state, Chief Minister V S Achuthanandan told the Assembly today.

He said project proposals were prepared to help the NRIs to invest in agriculture, health and food processing sectors.

Besides this, the District Industrial Centers had also formulated such projects in locally viable areas, he said in a written reply.

Mr Achuthanandan said to attract more investments, the government was also implementing a special scheme through the District Industrial Centers, to make available Rs five lakh margin money as loan to those who were interested to invest in these projects.

UNI