WhatsApp Image 2023-02-26 at 9.49.20 AM (1)
WhatsApp Image 2023-02-26 at 9.49.20 AM

Kerala to woo investors from Telangana

Kochi: The left government is organising a roadshow on January 7 to woo investors to Kerala from Telangana even as Kerala is worried over the aggressive trade unions in the state.

Kerala Chief Minister Pinarayi Vijayan is leading a team of top bureaucrats to attract investment. Pinarayi, who is in Hyderabad in connection with a party function, is likely to interact with at least 50 investors in Telangana.

Telangana was in news recently as it managed to attract an investment of Rs 1000 crore from leading garment exporter Sabu Jacob who was harassed by government officials by conducting frequent raids in his office in Kochi in Kerala.

Tamil Nadu tops the southern states with a Gross State Domestic Product (GSDP) of 297 billion dollars, followed by Karnataka 228 bn dollars, Andhra Pradesh 140 bn dollars. Telangana and Kerala are on the same footing with 130 bn dollars. Telangana is a fast growing state formed in 2014 by bifurcating Andhra Pradesh.

The state offers a cheap labor force and investor friendly trade unions.

Photo Credit: Facebook

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