Thursday, 12 July 2007

UAE-Kerala industrial task force formed

A United Arab Emirates-Kerala task force has been constituted to promote industrial investment in Kerala from the United Arab Emirates.

An official press note said here on Wednesday that the task force was formed during Industries Minister Elamaram Karim’s visit to the UAE from April 27 to May 9.

The task force would have UAE Finance and Industries Minister Muhammed Khalfan Khirbash, Finance Secretary Younus Haji Al Khouri, Industries Secretary Jamal Nazar Lutha, Abu Dhabi Chamber of Commerce director board member M.A. Yousufali, economics specialist in the UAE Ministry of Finance Hamad Nazar, Industries Director Syed Abdulla Al Rokan, investment department deputy general manager Ali Hamdan.

Kerala would be represented on the committee by Industries Principal Secretary T. Balakrishnan, Secretary P.H. Kurian, Infrastructures Kerala Limited (In-KEL) Finance Principal Secretary Jose Cyriac, Kinfra Managing Director A.S. Suresh Babu.

First meeting

The first meeting of the task force is proposed to be held in Kerala, the release quoted the Industries Minister as saying.

The Minister said the UAE was interested in making investments in petrochemical complex, power projects and infrastructure development projects. The Emirates Investment Group, a prominent investment firm in the UAE, had also evinced interest to invest in Kerala, he said.

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