Kochi: The two-day Partner Kerala Meet organised by Department of Urban Affairs (DUA) has turned out to be a huge success with 100 Expression of Interest (EoIs) signed for developing 64 projects at a total cost of Rs. 4,291.89 crore.
Briefing the media, Minister for Urban Affairs Shri Manjalamkuzhi Ali said that the Meet was a big hit among the investors as the government managed to attract investors for two-third of the projects showcased at the meet aimed at helping the cash-strapped local bodies to find partners to develop various infrastructure. The local bodies and development authorities had showcased 84 projects worth Rs. 6,500 crores at the meet.
“We are promoting a new investment culture. It’s a new beginning in Kerala as the local investors who used to shy away from making investments in the State have come forward to partner with the government to develop projects in their respective home towns,” the Minister said and added that once the respective municipalities finalise the projects, the government will initiate steps to give other clearances to the projects within a month.
Earlier, addressing the investors at an interactive session, Chief Minister Shri Oommen Chandy said Kerala was the best State in India to start business considering the huge possibilities and opportunities offered by its fast-growing cities and the support offered by the government. “Kerala should create opportunities from within the State to revamp its infrastructure.”
On the huge turnout of investors at the Meet, the CM said that the government was seeking solid financial resources to turn the proposals presented at the meet into reality. “Most of our popular ventures have been put in hold due to lack of funds. It is in this context, we decided to promote the public private partnership model”.
He also added that the DUA would immediately make arrangements to strengthen the PPP cell under the guidance of the Minister to expedite the process of launching the projects. Projects would be given a single-window clearance by the respective local bodies to ensure that the projects were completed on time.
The valedictory function of the meet was inaugurated by Minister for Panchayats & Social Justice, Dr. M K Muneer.
Kerala Biz News