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The Kerala State Industrial Development Corp (KSDIC) has tied up with Fertilisers and Chemicals Travancore Ltd (FACT) to set up a world class trade and exhibition centre in Kochi at an investment of Rs.250 crore, it was announced Tuesday.
KSDIC said in a statement that it would form a joint venture with FACT to execute the project.
The trade centre will come up at FACT's 30 acres in Udyogamandal in Kochi, the release said.
Other state public sector companies will also have stake in the joint venture.
The project will have a convention centre capable of accommodating 4,000 people, a five-star hotel, and a shopping complex, among other facilities.
Last updated on Jun 30th, 2009 at 15:18 pm IST--IANS
Coinciding with Prime Minister Manmohan Singh's state visit to Washington, a high-level business delegation of the Confederation of Indian Industry (CII) is in the US to push economic ties between the two countries.
India has launched a big initiative to woo medical tourism from Canada, showcasing the country's high-end and much cheaper healthcare industry to Canadians.
Benchmark indices of Indian equities markets struggled to add significant gains this week, even as conditions remained uncertain in economies and bourses around the world.
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