Video: Kerala to launch special city for non-resident Malayalee investors
The ‘non-resident Keralite City’ has been planned for Kannur district, says minister
Kerala has outlined ambitious plans to create a dedicated city for non-resident Keralites (NRKs) – NRK City - coupled with significant tax incentives to attract over $10 billion in investments, particularly from the Gulf region, with a 100 per cent conversion rate.
NRK City, which is currently in the planning and architectural design phase, will be a physical space exclusively for NRK investments, the state’s Minister for Industries, Law and Coir P Rajeeve told Gulf News. “The land is available with us. The design work is ongoing,” the Minister explained.
It aims to channel the substantial remittances sent by Keralites abroad into productive avenues that generate employment and foster economic growth rather than just purchasing large houses or land.
