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12th Plan targets 20 per cent growth for State: C.P. John

Staff Reporter
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‘Public-private partnership will be the catalyst for growth'

On reforms: Former Finance Minister T.M. Thomas Isaac delivering the ‘K.K. Subramanian Memorial Lecture' in Thrissur on Sunday.
On reforms: Former Finance Minister T.M. Thomas Isaac delivering the ‘K.K. Subramanian Memorial Lecture' in Thrissur on Sunday.

Thrust of the 12th five-year Plan will be on agricultural entrepreneurship, Kerala Planning Board Member C.P. John has said.

He was delivering the keynote address at a seminar on ‘12th Five-Year Plan, Goal and Priorities,' organised by the Centre of Science and Technology for Rural Development (COSTFORD) here on Sunday in memory of noted economist K.K. Subramanian.

Sharp increase in outlay

“The government has set an outlay of over one-lakh crore rupees for the 12th Plan marking a sharp increase from the 11th Plan Outlay of Rs.40,000 crore. The 12th Plan targets a 20 per cent growth for the State. Public-private partnership will be the catalyst for economic growth,” he said.

K.P. Kannan, Chairman, COSTFORD, presided over the memorial function.

Growth rate

Delivering ‘K.K. Subramanian Memorial Lecture' on ‘KKS-Economist and Innovator,' former Finance Minister T.M. Thomas Isaac said that the State could achieve the growth rate of 20 per cent if the current government continued the economic reforms initiated by the previous LDF government.

“The initiatives of the LDF, including the tax reforms, have set the wheels of growth in motion,” Mr. Isaac said.

He urged the UDF government to take emergency steps to strengthen co-operative sector and treasury-banking service in the State.

“Kerala holds huge scope in knowledge industry. Traditional sectors also need support,” he said.

Born in Edathuruthy village in Thrisur district, K.K. Subramanian was an innovative academician and researcher.

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