Oommen Chandy : Poll-bound Kerala witnessing huge infra investments

Sunday, Dec 27, 2015,10:52 IST By Metrovaartha A A A

Thiruvananthapuram | Poll-bound Kerala is witnessing investments worth thousands of crores of rupees in infrastructure projects due to the pro-investment policies of the Congress-led UDF government, state Chief Minister Oommen Chandy has said. He said the new initiatives have built up the confidence of the government, which is aiming to come back to power.

Many things are happening now and investments in the state have gone up, Chandy told PTI here adding during 2015 the southern state saw a huge boost to its infrastructure dreams that included the Rs 7,525 crore Vizhinjam Port project. Other major projects which moved forward this year in the state were the Kannur International airport project, the Rs 4,500 Kochi Smart city project and the National waterway and Kochi metro projects.

Seeking to reverse the general impression of not so conducive investment climate in Kerala, the state government has taken several initiatives to promote it as a top investment destination. Signing of the work contract with Gujarat-based Adani Ports Ltd in August this year scripted a new beginning in this regard as it is considered one of the biggest investments taken up by a private sector company in Kerala in recent years. Kerala has gone a major step forward in infrastructure development in 2015 and realised one of its dream projects.

The Government was able to begin the work on the multi-crore Vizhinjam International deep water seaport project which had remained idle for 25 years, Chandy said. Work on the port project is progressing well with an aim to complete it within 1000 days’, he added. Stating that launching of new projects has given a big boost to the government, the Chief Minister said the first phase of SmartCity IT park has been completed.

Inauguration of the Kochi SmartCity project was scheduled to be held in December end, but has been postponed to January next for the convenience of various Dubai-based dignitaries to participate at the function. SmartCity IT Park Project has materialised, he said. SmartCity Kochi is an IT Special Economic Zone being developed by a JV company in which TECOM investments, a subsidiary of Dubai Holding, and the state government are main investors.