Mr Santhosh Joseph Karimattom, Founder and CEO, Dubai Pearl Projects, Dubai, has announced Rs 50 crore incubation fund for Kerala over the next 10 years to support entrepreneur education.

Speaking at the 31st Annual Management Convention of Kerala Management Association here, Mr Karimattom said the project under City Man Foundation to incubate youths to become successful entrepreneurs will be launched from his native town Changanassery shortly.

The lack of lack of proper guidance to entrepreneurs in the State has been a problem; he also announced the group's plan to enter energy, land development and infrastructure sectors in the country.

Earlier, addressing the valedictory session of the convention, Mr K.M. Chandrsekhar, Vice-Chairman, Kerala State Planning Board, said although the growth of entrepreneurship in Kerala has been a good sign, a quantum leap can only be possible only if the mindset of the people change. A change in the mindset, coupled with the co-operation of the private sector, will usher in tremendous transformation, he said

Mr George Paul, Executive Director, Synthite Industrial Chemicals, presented trophies to winners of KMA Excellence Awards. The winners were: UAE Exchange and Financial Services and The Federal Bank (in-house magazine); US Technology International (P) Ltd (Technology Innovation); Carborandum Universal (CSR initiatives); Apollo Tyres (Innovative HR policies) and The Federal Bank and Apollo Tyres (Innovative Cost Management Techniques).

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