It’s emerging NRKs

Published: 15th September 2012 12:18 PM  |   Last Updated: 15th September 2012 12:18 PM   |  A+A-


As Emerging Kerala concluded here on Friday, it is the Non-Resident Keralities (NRKs) who managed to emerge the winners. 

From infrastructure, and healthcare to tourism, the NRK investment is pegged anywhere between Rs 10,000 crore and Rs 15,000 crore.

The NRK heavyweights include M A Yusufali, Managing Director, EMKE Lulu Group, Azad Moopen, Chairman of Dubai based DM Healthcare, Saudi Arabia-based Al Abeer Group headed by Alungal Muhammad, KE Faizel, CMD of KEF Group and Ravi Pillai of RP Group.

A Dubai-based consortium of NRIs has proposed to invest over Rs 2,000 crore in Kerala to set up IT/ITES enabled business parks and life spaces projects under the name of Pravasi Investment Consortium & Equity Holdings Ltd.  Among other NRKs are US-based Vinson X Palathingal, who is planning to invest in education sector by planning the Indian Institute of Political Management.

Hitherto little known NRKs are Ameer Ahmad of Manappat Group who is planning to invest Rs 250 crore in a mall at Perumbavoor. EMKE group projects includes a convention centre, pitched as India’s biggest, to come up at Bolgatty and a logistics and warehouse centre at Nedumbassery.

DM Healthcare, will be developing healthcare facilities which the company says will be operational in the next five years.

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