Kerala's FDI flows slip

Despite notching Dubai Tecom's $330-million Smartcity deal in Kochi and a high investor confidence in Assocham's recent survey, Kerala's FDI inflow has slipped a tad. FDI inflow in the last fiscal is lower by 0.26%, says Economic Review-2007 released by State Planning Board.

Tourism has been a reliable cash cow for the state, according to the new indications. Revenue growth through tourism is up by 17.9% in 2007-2008. Foreign tourist arrivals are growing by 19.3% per year.

In exports, the state had mixed fortunes. While export of tea, coffee and coir looked up, spices and cashew export suffered.

More state PSUs are on the turnaround track. Those in the black have ploughed back Rs 92.05 crore profit to state government in the last fiscal. Mining licenses have fetched Rs 26 crore to the state.

Source