Business EconomyPosted at: Feb 21 2025 10:04PM


Rs 50k crore projects will be undertaken in Kerala: Nitin Gadkari

Kochi, Feb 21 (UNI) Union Minister for Road Transport and Highways, Nitin Gadkari, on Friday announced that 31 new road infrastructure projects worth Rs 50,000 crore, covering 896 km in Kerala, would be undertaken aiming to enhance Kerala's connectivity and boost economic growth.
Addressing Kerala’s key economic sector 'Tourism' at the Invest Kerala Global Summit here, Gadkari noted that tourism contributes 6.5% to India’s GDP, supporting 3.4 crore jobs.
By 2034, the sector's contribution to GDP is expected to reach 7.6%, with the potential to create 6.5 crore jobs, Gadkari, who attended the meeting virtually said.
In his address, Piyush Goyal, Union Minister for Commerce and Industry, expressed India’s remarkable growth trajectory, stating, “India is contributing 16 percent of global economic growth. We have moved from being the 11th largest economy to the 5th largest in the past 10 years."
"By 2027, estimates suggest that India will be the third-largest economy in the world. And how can Kerala be left behind when India is progressing at this brink and speed with the opportunities that Kerala Offers Whether it is tourism, manufacturing, or logistics, in every sphere, Kerala is at the forefront of development.”
He also praised Kerala’s entrepreneurial spirit, referring to the Cochin International Airport, which marks its 25th anniversary this year. He recalled the unique venture where 12,000 NRI shareholders came together to invest Rs 300 crore for the airport's establishment, showcasing the entrepreneurial excellence of Keralites.
UNI DS GNK
Please log in to get detailed story.
Tags: #Rs 50k crore projects will be undertaken in Kerala: Nitin Gadkari
More News
Invest Kerala Summit: Projects worth Rs 4,410 crore to start in May, says P Rajeeve

Invest Kerala Summit: Projects worth Rs 4,410 crore to start in May, says P Rajeeve

26 Apr 2025 | 6:52 PM

Thiruvananthapuram, Apr 26 (UNI) Kerala Minister for Industries, P Rajeeve on Saturday said works on 13 projects with a total investment of Rs 4,410 crore yielded by the Invest Kerala Global Summit (IKGS 2025) will commence in May.

see more..
Kottayam-Kochi rubber market rates

Kottayam-Kochi rubber market rates

26 Apr 2025 | 5:52 PM

Kottayam, Apr 26 (UNI) Following were the market rates of rubber per quintal announced by the Rubber Board here on Saturday.

see more..

SICCI holds Executive Round Table on doing business with Indonesia

26 Apr 2025 | 5:22 PM

Chennai, Apr 26 (UNI) The Southern India Chamber of Commerce and Industry (SICCI)
organized an Executive Round Table on Doing Business with Indonesia at the Indonesia
Trade Promotion Center in Chennai on Saturday.

see more..

HPTDC capable of running Wildflower Hall : Bali

26 Apr 2025 | 3:00 PM

Shimla, Apr 26 (UNI) Chairman of the Himachal Pradesh Tourism Development Corporation (HPTDC) and first-time MLA from Nagrota Bagwan Raghubir Singh Bali announced on Saturday that the Corporation is fully capable of efficiently managing the prestigious five-star Wildflower Hall hotel if entrusted with the responsibility by the state government.

see more..
International Trade Show to present new picture of new UP

International Trade Show to present new picture of new UP

26 Apr 2025 | 2:36 PM

Gorakhpur, Apr 26 (UNI) Uttar Pradesh is set to showcase its strength, potential and achievements on the global stage once again with the third edition of the UP International Trade Show (UPITS) 2025, to be held in Greater Noida from September 25 to 29, sources said here on Saturday.

see more..