India
Keralam sets Rs 25 crore district investment approval cap
The Hindu BusinessLine··4d ago
Industries Minister P K Kunhalikutty told the Assembly Keralam will amend laws to speed industrial approvals. Cabinet gave in-principle nod to the SARK scheme under a One State, One Approval, One Document plan. District approval is capped at Rs 25 crore; projects above Rs 50 crore need Chief Secretary clearance. Approvals stay inside departments but within fixed timelines, he said.
Prism
What It Means For You
- Investors would face time-bound clearances rather than open-ended departmental delays, the minister said.
- Existing environmental procedures will continue to apply, Kunhalikutty told members raising concerns.
- Amendments will go to Cabinet one by one before the Assembly, he said.
What's Happening
- Kunhalikutty said laws that stand in the way will have to be amended.
- Reforms also cover rules, government orders, land-use provisions and the investor incentive package.
- A data-driven investment cell under KSIDC is part of the UDF government's 100-day programme.
The Money Already Pitched
- Through KSIDC and the IT department, the state has received investment offers worth Rs 73,401 crore, he said.
- Proposals under consideration include logistics hubs, solar power, battery storage and bauxite mining in Kasaragod.
- He cited high costs and administrative delays as remaining obstacles to investment.
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