Business Standard

IN 2ND INNINGS, VIJAYAN STARES AT ~3-TRN DEBT, NEED FOR INVESTMENT

- JAYANTH JACOB

A bevy of social outreach measures and the 'caring strongman' image of Chief Minister Pinarayi Vijayan helped CPI(M)LED Left Democratic Front to retain power in Kerala, bucking the four-decade-old tradition of India’s southernmo­st state not re-electing the incumbent.

The victory has been comprehens­ive as the Left Front trounced principal opposition Congress across the state despite it pulling out all the stops, including holding massive roadshows by party leaders Rahul Gandhi and Priyanka Gandhi, in many parts of the state to wrest power. The Red also diminished a spirited BJP, which drew a blank in the 140-member Assembly where it had one member in last election.

As it negotiated a series of crises in the form of natural disasters to the Covid pandemic with a great amount of resilience since 2017, the state — known for militant trade unionism as much as for human developmen­t indicators — will be bracing for measures to get its economy moving.

Unlike many of his communist compatriot­s, capital has never been a topic of aversion for Vijayan, who could ward off massive corruption charges against his government that had also resulted in the resignatio­n of his principal secretary M Shiva Shankaran while in the saddle.

His five-year term also saw five ministers resigning but it seems no wrongdoing got attributed to the chief minister who consistent­ly spoke about investment­s, industrial progress, and trade unions shedding their unnecessar­y aggression. Though welfarism will stay its course, the new government cannot turn a blind eye to the accumulate­d debt of the state that now exceeds ~3 trillion and the need for more jobs, investment and industry.

Despite all its pluses, the state remains a difficult place for the organic growth of private capital, though some Gulf-based industrial­ists from the state are exceptions to this rule.

Since social outreach has paid the party rich dividends, the Left needs to showcase them nationally as an alternativ­e model of developmen­t and Kerala is the only state where these parties are in power, making it the governance laboratory of the Indian Left.

Some of the immediate measures that the new government would implement include a ~5,000-crore coastal developmen­t package, welfare schemes for taxi and autoricksh­aw drivers, coir and agricultur­e workers, traditiona­l seafaring fishers, toddy tappers and cashew workers, and a hike in farm wages.

It is then keen on meeting its election promise of increasing the monthly welfare pension from ₹1,600 to ₹2,500, which is expected to benefit 6 million pensioners. “We won the elections because we walked the talk. We cared for the people. We delivered them help. Whatever we do, we will have a human face. We are for industry. But are also for agricultur­e. We are also for reviving all public sector units,” said M M Mani, former minister who got reelected.

Though it is the pronounced policy of the Left to put emphasis on reviving public sector units, Vijayan enjoys the image of a doer among industry leaders. He can exercise his complete authority over both party and government, something most chief ministers of the state can only dream of.

The petrochemi­cals complex coming up close in Kochi can benefit from the Kochi-mangaluru natural gas pipeline — inaugurate­d early this year and expected to be completed soon. The pipeline was in cold storage for over a decade.

The new government will also be spending its energy on expanding its startup mission and measures to revive its tourism sector massively hit by Covid 19 pandemic.

But the CPI(M) remains dead against the decision to lease out Thiruvanan­thapuram Internatio­nal Airport to Adani Enterprise­s and the matter is in court now. This opposition can also be seen as more ideologica­l than anything else as Adani had won the contract as the highest bidder.

How pragmatic can Vijayan be ideologica­lly will answer a lot of questions the state has in terms of investment and industrial developmen­t.

RAHUL GANDHI,

Congress leader “WE HUMBLY ACCEPT THE PEOPLE'S MANDATE... WE WILL CONTINUE TO FIGHT FOR OUR VALUES AND IDEALS. JAI HIND ” SHASHI THAROOR, Congress leader

“THE VOTERS OF BENGAL (& ESP NANDIGRAM) HAVE DEMONSTRAT­ED WHERE THEIR HEARTS LIE. THE BJP HAS MET ITS MATCH IN BENGAL, AND LOST”

J P NADDA, BJP president “BJP WILL CONTINUE TO REACH EVERY HOUSEHOLD IN BENGAL TO SPREAD ITS IDEOLOGY. I AM OBLIGED TO ALL OUR WORKERS WHO HELPED THE BJP EMERGE AS THE PRINCIPAL OPPOSITION IN BENGAL”

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 ?? PHOTO: PTI ?? Left Democratic Front activists celebrate party’s winning trend, in Thiruvanan­thapuram on Sunday
PHOTO: PTI Left Democratic Front activists celebrate party’s winning trend, in Thiruvanan­thapuram on Sunday

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