Gulf NRI Investments in Kerala
The Gulf region has been like a magnet which attracted Malayalis from far and wide. Malayalis who had migrated from Kerala years ago and earned their bread in the Gulf are eager to invest in their home state. As Kerala is primarily a consumer state with a growing appetite for goods and services, it has been attracting investors to pump in crores of rupees into the state. Most Gulf NRI investments in Kerala are in the form of large-format retail stores, high-end hotels, residential projects and large hospitals. Asset Senate, Kannur The rising affluence of this southern state and the expectation that mindset towards investors is changing for the better has made this possible. In the past Kerala was notorious for its militant trade unions and frequent shutdowns. This had prompted Malayalis to flee the state to the affluent Gulf region and today the economy of Kerala has been held together by remittances from these NRI Malayalis to some extent even during the recent rece...