Tonino Lamborghini to explore scope of investment in Kerala, seeks tax relaxations | Fasttrack

Kochi Prefecture: Italian businessman Tonino Lamborghini is looking for ways to invest in Kerala even as he seeks tax relief from the state government. His Tonino Lamborghini Group will explore a range of state investments in sectors such as luxury apartments, apartment complexes and hotels. Mr Tonino revealed his plans to state Industry Minister P Rajeev at a meeting here in Nedumbassery on Saturday, the government said at a press conference.

Tonino Lamborghini is the son of Ferruccio Lamborghini, founder of the world-famous luxury car company. Auto manufacturing is no longer in the Lamborghini family, but the brand to that name lives on.

The Lamborghini family business is a luxury line of watches, mobile phones, sunglasses, bags, clothing and boutique hotels.

Lamborghini told Rajeev that it would hold detailed follow-up discussions on a potential investment in the state.

The company will diligently investigate the extent of its investment in electric vehicle manufacturing in the state. Analyze how to exploit Kerala’s potential to manufacture vehicles like golf carts.

The Italian group will explore a range of joint ventures to market products such as luxury perfumes. Lamborghini told the minister his company was considering partnerships with local brands eager to enter the luxury market. rice field.

Minister Rajeev told Lamborghini that the government will provide all possible support to bring investment to the state. A schedule for further consultations will be determined soon, the minister said in a statement.

He expressed his satisfaction that Lamborghini and his partner Angela Krieger showed willingness to discuss potential investments in the state during their vacation in Kerala.

As a token of his appreciation, the Minister gifted Lamborghini with the iconic Arammura mirrors of Kerala.

During the tour, Lamborghini and Angela visited Thrissur and Kalamandalam, and went on a boat cruise in the remote corners of Kochi with Time World Group’s MD Usman Rahman, who is also a Lamborghini brand ambassador in Dubai.

In an interview with Manorama, Lamborghini emphasized the need for suitable business partners when asked about the possibility of his company investing in the state.

“Business is more than just an investment. You have to get the right business partners who know the practices here.Manufacturing a luxury line of products requires huge investments.

We also need Italian employees skilled in the production of such products. Nevertheless, Kerala is a boutique where he can build hotels, resorts or luxury homes,” he said.

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