India Business
Italian CEOs happy with Kerala's investment prospects
Apr 28, 2007 - 6:16:58 PM

Thiruvananthapuram, April 28 - A group of young managers and entrepreneurs from Italy, who are looking towards India as a window of opportunities, sees Kerala as an ideal destination for investing in sectors like food processing, real estate, IT and tourism.

'We have been here since yesterday and held discussions with government officials and would meet Chief Minister V.S. Achuthanandan before we return to Italy on Tuesday,' Roney Simon, director of FICCI -'s Italy office, told reporters here Saturday.

The team of 30 includes experts in electronics, e-banking, real estate, infrastructure companies, food processing and information technology.

'On Monday, we would visit the Technopark here and some of the team members are looking forward to Kerala as a possible outsourcing destination,' added Simon, who is leading the team.

Tourism and food processing are other areas which the Italian delegation have been impressed after they were given a presentation by the officials of the Kerala State Industrial Development Corporation - officials.

'This is just a preliminary visit and now all the CEOs would open an India file in their companies and would be following up the current visit,' said Simon. The visit by the CEOs is the first business delegation of this size arriving to scout for investment in Kerala after the Communist Party of India-Marxist government took over in May 2006.

The visit has been organised by the KSIDC with help from Kerala's private sector.

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