An approach paper presented by the State government at the third Loka Kerala Sabha has mooted crowdfunded infrastructure development by seeking investments from non-resident Keralites (NoRKs).
Shares invested in developing roads, airports, waterways and other infrastructure will fetch reasonable dividends for investors, the document says.
Among the various investment possibilities, the government pinpoints tourism as a promising avenue for capital infusion. Urging the diaspora to become brand ambassadors of Kerala’s tourism industry, Industries Minister P. Rajeeve, who read out the approach paper, says the sector, which is in on a revival path following the COVID-19-induced slump, will receive a massive boost if at least 2% of NoRKs visit the State every year.
