The prospects of one of the largest and most advanced airports in Kerala coming up at Kannur, is going to change, not just the economy of Kannur or Northern Malabar, but possibly the entire economy of Kerala.
It's a relatively virgin economy with extraordinary possibilities in general tourism, health tourism, industrialisation, agriculture, education and service industries.
But the key agent that could trigger this change is that, some of the richest NRI businessmen hail from this region. That means investment in terms of NRI funds or even heavy FDI Investment (thru Arab investors) is high possibility. Next major trigger is the present Govt has a significant number of ministers who are from this region and they are politically interested in its development. This means North Malabar is going to be more peaceful and attractive to investors, promoters, entrepreneurs and employees.
The North Malabar Chamber of Commerce did a great job, in creating awareness thru it's "Invest In North Malabar" function at Marriott Kochi. Now they have to organise a series of events that creates not only awareness, but also opportunity for small, medium, large and extraordinarily large projects to meet and get investors.
This can be through series of seminars and project exhibitions across GCC countries as well as across Malabar.
A series of educative workshops are to be conducted across North Malabar, to educate startups, promoters and entrepreneurs to tap this opportunity.
A series of educative workshops across GCC is needed to educate NRI investors on how to invest in groups, have diversified portfolios, select the right investment and the ethical-practical investment habits and attitudes they need to have.
The chamber should also act as an information point, where potential promoters or investors can get statistical data, information about legal procedures, documentations, list of various service providers, etc.
Lots to be done. It's going to be fun.
Business Insights by Ameen Ahsan @
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