Kerala to become investor's paradise: Chandy

Ahmedabad: Kerala will go ahead with its `Smart City' plans for Kochi and has invited a business delegation from Qatar to make investments in the state, Chief Minister Oomen Chandy has said.



"Though Kerala has just stories of woes and losses to tell, our government is committed to development in the state and is going ahead with our plans to make Kerala an investment locale," said Chandy while addressing members of Ahmedabad Kerala Samajam.



"Our government has been charged with accepting a bribe of Rs 500 crore for providing a Dubai-based IT company to set up shop in Kochi," he said adding that inspite of the baseless allegations levelled against his government, Kochi's Smart City project would go ahead along with other upcoming development projects.



Chandy asked the people of state to shed their "suspicious outlook" and welcome about Rs 20,000 crore of "probable" investments in various sectors like the Kochi's LNG project, petrochemicals, National Thermal Power Corporation's project and others.



"A 17-member business delegation from Qatar will be visiting the state on June 23 for a survey and is expected to invest billions of rupees in petrochemicals, gas-based thermal plants and others in Kerala," Chandy said.