Ker­ala launches web por­tal to track in­vest­ments in state

FICCI Business Digest - - In The States -

E K Bharat Bhushan, Chief Sec­re­tary, Gov­ern­ment of Ker­ala, ad­dress­ing the launch of In­vest­ment Track­ing Mech­a­nism at the state level. Also seen are (L to R): Savio Mathew, Head, FICCI Ker­ala State Coun­cil; Dr. Shub­hag Chand, Cabi­net Sec­re­tar­iat In­for­mat­ics Divi­sion, Gov­ern­ment of In­dia; David Mooken, past Chair­man, FICCI Ker­ala State Coun­cil; Aruna Sun­dra­jan, ACS & Man­ag­ing Di­rec­tor, Ker­ala State In­dus­tries De­vel­op­ment Cor­po­ra­tion; Anil Swarup, Ad­di­tional Sec­re­tary, Cabi­net Sec­re­tar­iat and Head of the Project Mon­i­tor­ing Group un­der Cabi­net Com­mit­tee of In­vest­ments, Gov­ern­ment of In­dia; Dr. V.P. Joy, Joint Sec­re­tary to the Cabi­net Sec­re­tar­iat, Gov­ern­ment of In­dia; S. N. Raghuchan­dran Nair, Hon­orary Sec­re­tary, Trivan­drum Cham­ber of Com­merce & Industry and Raj Ku­mar Gupta, Vice Pres­i­dent, In­dian Cham­ber of Com­merce & Industry. Ttrack­ing he launch of in­vest­ment

mech­a­nism at the state level is in­deed a mile­stone in the his­tory of Ker­ala,” said E. K. Bharat Bhushan, Chief Sec­re­tary, Gov­ern­ment of Ker­ala, while inau­gu­rat­ing an in­ter­ac­tive meet­ing and launch­ing the web por­tal to track in­vest­ment in the state. The first of its kind in South In­dia af­ter Odisha and Ut­trak­hand.

The Chief Sec­re­tary con­grat­u­lated the cabi­net sec­re­tar­iat for its ini­tia­tive to launch por­tals in all the states. The event was or­gan­ised jointly by the Ker­ala State In­dus­trial De­vel­op­ment Cor­po­ra­tion (KSIDC), FICCI in as­so­ci­a­tion with af­fil­i­ated cham­bers, sup­ported by In­dus­trial Financial Cor­po­ra­tion of In­dia (IFCI) on May 29, 2014, in Thiruvananthapuram.

Project Mon­i­tor­ing Group (PMG) at the cen­tre has been fa­cil­i­tat­ing clear­ances for projects, which are struck for want of var­i­ous clear­ances through its por­tal. The sim­i­lar mech­a­nism is now be­ing adopted at the state level to track projects projects with in­vest­ment be­tween Rs. 100 crore-Rs. 1000 crore.

In his key­note ad­dress Anil Swarup, Ad­di­tional Sec­re­tary, Cabi­net Sec­re­tar­iat and Head of the Project Mon­i­tor­ing Group un­der Cabi­net Com­mit­tee of In­vest­ments, Gov­ern­ment of In­dia, said, “This process be­gan last year in June and 150 projects have been cleared till now.”

He urged the need to set time­frames to ob­tain clear­ances and to hold reg­u­lar mon­i­tor­ing com­mit­tee meet­ings at the state level in as­so­ci­a­tion with the state nodal agency KSIDC and FICCI to speed up the process. “As Ker­ala is best rated state for im­ple­ment­ing many projects suc­cess­fully, I sin­cerely hope Ker­ala will suc­cess­fully im­ple­ment in­vest­ment track­ing mech­a­nism,” added the Ad­di­tional Sec­re­tary.

Aruna Sun­dra­jan, ACS & Man­ag­ing Di­rec­tor, Ker­ala State In­dus­tries De­vel­op­ment Cor­po­ra­tion, in her pres­i­den­tial ad­dress pointed out that the in­vest­ment track­ing mech­a­nism will pro­vide timely trans­par­ent sys­tem to the stake­hold­ers.

“This mech­a­nism will help en­sure mon­i­tor­ing eco­nomic growth in the state,” ob­served Dr. V.P. Joy, Joint Sec­re­tary to the Cabi­net Sec­re­tar­iat, Gov­ern­ment of In­dia, in his spe­cial ad­dress. “Bring­ing out all stake­hold­ers to­gether is a great

June 2014

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