`Frequent policy change would slow down investment'
THRISSUR: An investor meet organised by the Kerala State Industrial Development Corporation (KSIDC), Kerala Industrial Infrastructure Development Corporation (KINFRA) and the Department of Tourism has called for a long-term industrial policy.
Presiding over the valedictory function, Therambil Ramakrishnan said private entrepreneurs would stop investing in the State if successive Governments changed the industrial policy.
"They should find a sense of security in the State. Without improving infrastructure, wooing investors is pointless. There are also cases where private entrepreneurs sign memorandums of understanding with an eye on the land offered by the Government for industrial development. There should be a system to review the progress of MoUs signed and the manner in which the land given has been used. If entrepreneurs do not start ventures, the Government should recover the land from them," Mr. Ramakrishnan said.
Industries Minister Elamaram Karim echoed similar sentiment, saying a long-term policy was the foundation of industrial progress. C.K. Chandrappan, MP, delivered the keynote address. Among those present on the occasion were A.C. Moideen, and Rajaji Mathew Thomas, both MLAs.
District Collector M. Beena and Director of Industries and Commerce T.O. Sooraj were also present.
Earlier in the day, presentations prepared by the KSIDC, the KINFRA, the Tourism Department, CII-Kerala, Kamakshy Constructions and the Chamber of Commerce were displayed.