Trivandrum: Shri T K A Nair, who was the Chairman of Kerala State Industrial Development Corporation (KSIDC) for the past 16 years, has tendered his resignation as the Director and Chairman of the Corporation with effect from June 09, 2015.
His resignation comes in the wake of the Kerala Government issuing an order stipulating that for Companies registered under the Companies Act, the age limit for appointment of Chairman and Managing Director shall be fixed at 75 and 65 years respectively.
Nair was nominated as Chairman of KSIDC in 1999 while he was serving as Member Public Enterprises Selection Board and as Secretary in the then Prime Minister’s office. Since then he has had a tenure of 16 years as Chairman during which period the corporation rose from strength to strength. The performance of the corporation has grown exponentially under his leadership and KSIDC had an opportunity to play a pivotal role in landmark projects of the State like Cochin International Airport, IIITM-K, proposed LNG terminal, etc. His dynamic leadership and abundant experience has contributed immensely to the development of the State in general and KSIDC, in particular.
Quite recently, T K A Nair was conferred an award of ‘The Order of the rising Sun, Gold & Silver Star’, by the Prime Minister of Japan. This award was conferred for his contribution in evolving and operationalising some of the path-breaking initiatives in the field of infrastructure projects namely, the multi-mode dedicated freight Corridor between Delhi and Mumbai, the Delhi – Mumbai Industrial Corridor and the Chennai – Bangalore Industrial Corridor, which are under various stages of implementation stand eloquent testimony to the strong sustainable partnership between India and Japan for strengthening and deepening Indo-Japanese bilateral relationship.
Kerala Biz News