Kerala cleared 29 industrial projects worth Rs. 3,604.70 crore

Photograph for representational purpose only.

Fast-tracking the investment procedures within a 30-day deadline, Kerala Government has cleared 29 industrial projects having an investment of Rs. 3,604.70 crore under the Kerala State Single Window Clearance Board (KSSWCB) in the last four years.

Constituted under the Kerala Industrial Single Window Clearance Boards and Industrial Township Area Development Act, 1999, KSSWCB was originally empowered to give go-ahead to any industrial project with an investment layout of Rs. 15 crore and above within 45 days by facilitating clearances from various Government Departments.

This Act was amended by the Kerala Investment Promotion and Facilitation Act, 2018, which reduced the deadline for giving clearances from 45 to 30 days.

KSSWCB, chaired by the Chief Secretary, has held 12 meetings since June 2016.

“Kerala has considerably improved the Ease of Doing Business, through a string of reform-oriented legislations. These, calibrated with the Government’s policy initiatives, have helped the state attract investments in a range of highly promising sectors”, said Mr. S Harikishore IAS, Managing Director, Kerala State Industrial Development Corporation (KSIDC).

The projects that received clearances during the period included expansion of the factory unit for manufacturing tyres of M/s PTL Enterprises Limited (Rs.250 crore), construction of 1500-bed multi-Specialty hospital of M/s Believer’s Church Medical College Hospital (Rs.539 crore), expansion of hospital by M/s KIMS Health care Management (Rs.210 crore), setting up of a commercial project by Prestige Group with cost (Rs.750 crore) and expansion of hospital by M/s Lakeshore Hospital and Research Centre Limited (Rs.363.50 crore).

It is envisaged that 34,786 employment opportunities have been created by these projects, which covered sectors such as Healthcare, Hospitality, Food processing, Mining, Manufacturing and Textiles.