Videocon group plans to invest Rs 350 cr in Kerala

Thiruvananthapuram: The diversified Videocon Group, which is into oil & gas, telecom, DTH and consumer electronics, is planning to invest Rs 350 crore in Kerala.

Videocon Group's top official Anirudh Dhoot on Monday said they planned to set up a Rs 250 crore manufacuring unit. The group is also planning an IT unit in the state entailing an investment of Rs 100 crore, he added.

The location for company's units would be announced at the Global Investor Meet (GIM) which would be held from September 12-14 in Kochi.

The group is also planning an IT unit in the state entailing an investment of Rs 100 crore, Anirudha Dhoot said.

Meanwhile, Dhoot also released a study 'Kerala: Roadmap for inclusive growth 2012' as Chairman of Kerala Development Council of ASSOCHAM.

ASSOCHAM Secretary General DS Rawat told reporters here that the industry chmaber plans to bring in about Rs 1 lakh crore investments and MOU for the project proposals for many of them would be signed during the GIM.

Earlier in the day, Rawat called on Kerala Chief Minister Oommen Chandy. He said ASSOCHAM has decided to partner the state to attract investments at the GIM.

The chamber has also proposed a 15-point growth agenda for Kerala focusing on IT, BPO and food processing sectors, he added.

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