Tuesday, December 18, 2007

Kerala Airlines will become a reality

A leading NRI businessman from Kerala on Saturday urged MPs from the state to work for establishing Kerala Airlines, a low cost airline service for the Gulf region.
M.K. Yousuf Ali, director Infrastructure Kerala Ltd (InKel), a state government initiated company to mobilise NRI funds for infrastructure development, said that millions of people from Kerala living abroad are keen to see their dream of having a state-owned airline fulfilled.
He said that when the project for Cochin International Airport Limited was floated, many were apprehensive whether it would be successful. "Now all those shareholders are not disappointed. The same will happen in the case of Kerala Airlines too," Yousuf Ali told reporters."But MPs from the state should take it seriously. It could be a reality if they campaign vigorously for it," said the businessman, the first non-Arab to be elected as chairman of the UAE Chamber of Commerce.
A high level business delegation from the UAE on Friday held discussions with Kerala Chief Minister V.S.Achuthanandan to explore the possibility of investing in the state. The delegation was led by Younis Haji Al Khoori, Secretary, Ministry of Finance and Industry, UAE.The delegation expressed keen interest in investing in areas such as power, petro-chemical industries, road development and financial sector.

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