Kerala to form Pravasi Investment Board for expatriate Malayalees

Kerala government is planning to float an investment board modelled on Kerala Infrastructure Investment Fund Board (KIIFB) aiming at small and medium expatriate investors. Besides ensuring full security for the NRK investors, the board will see to it that the investments encourage job generating ventures in Kerala. 

Chief Minister Pinarayi Vijayan, who is on a three-day visit to Bahrain, promised that the Pravasi Investment Board would be a reality soon. The board and the KIIFB would function separately as the latter would concentrate only on huge investments, he said while addressing a reception given to him by Malayalee organisations in Bahrain.

The government is moving ahead with a plan to start Kerala Clinics in Gulf countries aimed at providing traditional and modern medical treatment to Keralites there, Vijayan said. Kerala Public Schools would be started in Gulf countries to provide affordable education to Keralite students, he added. 

During his talks with the Bahrain rulers the other day, Kerala Chief Minister had proposed the idea of establishing Kerala Clinic, public school and an engineering college in the Kingdom for Keralites. The Bahrain rulers were very positive in their response and agreed to give full support for these projects.  

• Kerala CM
• Pravasi
• Expat Keralites
• NRI