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Kerala govt fast-tracks industrial approvals for 29 projects

Kerala govt fast-tracks industrial approvals for 29 projects

Published:11 September 2020

Fast-tracking the investment procedures within a 30-day deadline, the Kerala government has cleared 29 industrial projects over the last four years. The Rs 3,604.70-crore projects were cleared under the Kerala State Single Window Clearance Board.

Thiruvananthapuram | Fast-tracking the investment procedures within a 30-day deadline, the Kerala government has cleared 29 industrial projects over the last four years.
The Rs 3,604.70-crore projects were cleared under the Kerala State Single Window Clearance Board (KSSWCB).
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.
The 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 governments policy initiatives, have helped the state attract investments in a range of highly promising sectors, saidmanaging director of Kerala State Industrial Development Corporation (KSIDC) S Harikishore.
The projects that received clearances during the period included expansion of the factory unit for manufacturing tyres of PTL Enterprises Limited (Rs. 250 crore), construction of 1,500-bed multi-specialty hospital of Believers Church Medical College Hospital (Rs. 539 crore), expansion of hospital by KIMS Health care Management (Rs. 210 crore) and setting up of a commercial project by Prestige Group (Rs.750 crore) among others.
The projects have created 34,786 jobs covering sectors such as healthcare, hospitality, food processing, mining, manufacturing and textiles.


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