In a major step towards implementing the investment initiatives taken at the Global Investors' Meet (GIM), the Kerala cabinet approved in principle 40 projects with a total investment of Rs.6,846 crores. The projects cleared include the Rs.1,850 crore mineral extraction of public-sector National Mineral Development Corporation, Rs.2,600 crores Kochi Refineries expansion, Rs.50 crore modernisation of transport bus stands, Rs.30 crore passenger ship service between Persian Gulf and Kochi and Rs 20 crore Thiruvananthapuram international school.