Kerala Budget 2017-18 presents revival package for State owned Enterprises

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Trivandrum: Revival of loss making public sector undertakings has been accorded great importance by the LDF Government in Kerala and this was reflected in the Budget for 2017-18 presented by the Finance Minister, Dr. T M Thomas Isaac today in Niyamasabha.

In the year 2016-17 the total outlay for heavy and medium industries was Rs.291 crore. This is now enhanced to Rs.482 crore. The share for Public Sector Undertakings is enhanced from Rs.100 crore to Rs. 270 crore.

Rs.18 crore is provided to KSDP (Kerala Drugs and Pharmaceuticals Ltd). Rs.10 crore has been earmarked additionally. The allocations for other State owned Enterprises are:

(i) Rs.10 crore for the establishment of clinker grinding unit in Travancore Cements
(ii) Rs.5 Crore for HCL synthesis unit in TCC
(iii) Rs.26 Crore for Copper Recovery Plant, Sulphuric Acid Plant and for fibre grade products in Travancore Titanium Products.
(iv) Rs.18 crore for rejuvenation of KEL.
(v) Rs.10 Crore for the extension of Traco Cable and Lab certification.
(vi) Rs.10 crore for technical renovation of TELK.
(vii) Rs.4 crore for the renovation of United Electrical Industries.
(viii) Rs.10 Crore for manufacturing of cast steel rail coaches in Autocast.
(ix) Rs.7 crore for arranging subcontracting facility with ISRO in Kerala Automobiles.
(x) Rs.5 crore for the renovation of furnace in Steel & Industrial Forgings Limited.
(xi) Rs.20 crore for the revival of Keltron
(xii) Rs.51 crore for various textile mills.
(xiii) Rs.2 crore for Forest Industries Limited.
(xiv) Rs.15 Crore for Kerala Ceramics Limited.
(xv) Rs.8 Crore for other Public Sector Institutions.
(xvi) Rs.50 Crore as working capital.

These amounts will be released only after time bound packages have been formulated.

An amount Rs.96 crore is earmarked for the establishment of Life Science Park at Thiruvananthapuram, Light Engineering Industrial park at Palakkad, Mega Food Park at Cherthala and Industrial Growth Centres at Alappuzha, Kozhikode and Kannur under the auspices of Kerala State Industrial Development Corporation (KSIDC). Construction of Incubation Centre in Life Science Park with an area of 3.5 lakh square feet will be started this year.

The major projects of KINFRA are the Industrial Water supply Projects at Palakkad and Kochi and Industrial Parks at Mattannur, Thodupuzha, Kalamassery, Kazhakkuttam, Kollam, Ernakulam and Kakkanchery. Construction of Techno Industrial Park at Kakkancherry with an area of 1.1 lakh square feet and Advanced Technology Park at Ramanattukara will be started this year. An amount of Rs.111 crore is provided for KINFRA.

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