Land ceiling rules in Kerala to be relaxed for investors

"We have been facing several road blocks when it comes to attracting investment to the state and issues regarding to land has been one of the major road blocks. As per the current policy, a person cannot hold land in excess of 15 acres..

"The government has decided to give relaxation to this policy with certain conditions in order to attract investors to the state," said Chandy while inaugurating the two-day Global NRK Meet organized by Department of Norka and Norka-Roots here.

According to the proposal, if a person agrees to make a Rs.5 crore investment, he would be allowed to hold an acre of land in excess and the same relaxation would also be given to those who come up with a project that promises employment to at least 20 people.

"These projects and investments will be considered as a public purpose and the government will extend all possible support to it. The government is looking forward to the support from NRKs in making considering investments in the technology sector in the state," said Chandy.

He also highlighted the need to make the NRK meet an annual event rather than a biennial one.

"Currently, the NRK meet is organized once in two years. The government is willing to organize the event every year as it is the perfect platform for the NRKs to raise their issues and discuss it with the government," he added.

In his presidential address, Norka Minister K.C.Joseph said the issues faced by the NRKs had increased manifold in recent years and the government was committed to providing all possible help to them.

Finance Minister K.M. Mani said the NRKs were the major contributors to the state's economy and the foreign remittance to the state was nearly Rs 85,000 crore.

IANS