Kerala launches web portal to track investments in state
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