Says bureaucratic delays will be avoided

The State government will offer unstinted support for investors, particularly in the small and medium sectors, Industries Minister P.K. Kunhalikutty has said.

He was inaugurating a district-level investors’ meet and seminar organised by the District Industries Centre (DIC) as part of its ongoing ‘Intensive industrialisation drive,’ here on Thursday.

The government would take steps to do away with delays that plagued even statutory permissions needed for the setting up of units, he said.

District Collector K.N. Satheesh, in his presidential address, called for changes in laws and mindset. There were several instances of houses being given permission near existing industrial units, and the industrial units then being pressurised to shift from that place when the houses should never have been given permission to come up there, he said.

R. Ramesh Chandra, General Manager, DIC, said the industrialisation drive, aimed at promoting enterprises in potential manufacturing sectors with project cost above Rs.25 lakh, was expected to result in at least 150 such enterprises in the district. 

Detailed Project Reports were being forwarded to various financial institutions with the Technical Feasibility Reports.  An investment of around Rs.210 crore was expected from these projects while Rs.100 crore was expected as bank credit. The selected entrepreneurs would be extended handholding support and liaison services till the units commenced commercial production, he said. About 170 potential investors attended the event.