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Kerala receives investment proposals worth Rs 1 trillion at ASCEND 2020

Chief Minister Pinarayi Vijayan said that of the amount, Rs 98,708 crore comes in as direct promise during the two days of ASCEND

Kerala CM Pinarayi Vijayan
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Kerala CM Pinarayi Vijayan

T E Narasimhan Chennai
The Kerala government has received investment intentions to the tune of around Rs 1 trillion during the ASCEND 2020 Global Investors Meet. The largest commitment was by Abu Dhabi Investment Authority, which committed around 66 per cent of the total investment.

Speaking at the meet, which was concluded on Friday, Chief Minister Pinarayi Vijayan said that of the amount, Rs 98,708 crore comes in as direct promise during the two days of ASCEND, while there are “a couple of entrepreneurs whom we happened to miss” at the event but have expressed their willingness to invest.

Overall, the state has received 164 investment