Manmohans Rs 20,000 cr capital dose peps up Kerala

  • 20/02/2005

  • Financial Express (New Delhi)

At one go, Prime Minister Manmohan Singh administered a Rs 20,000-crore capital injection to central investment-starved Kerala by setting in motion country's first global hub terminal (Vallarpadom), NTPC's biggest gas-based plant (Kayamkulam), Gail's re-gassification plant and even a gas-cracker unit (Kasargod). Kerala and the Centre now have the same party at the helm, but the message has little political undertones. The CPI-M, which leads the Opposition in Kerala, has also welcomed this move by the Congress Prime Minister. The investment would accelerate economic growth, provided the projects are completed in a time-bound frame, CPM state secretary Pinarayi Vijayan said.