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Business EconomyPosted at: Oct 2 2023 11:43PM


Kerala CM inaugurates CIAL’s seven Mega Projects

Thiruvananthapuram, Oct 2 (UNI) Kerala Chief Minister Pinarayi Vijayan on Monday launched seven mega projects of Cochin International Airport Limited, ideated to address future traffic, cargo growth and safety upgrades.
In his inaugural speech, the Chief Minister said the public sector organisations in Kerala are an alternative to the idea of liberalisation which endorses that it is not the government's responsibility to run industries that benefit the entire society or to market intervention.
“This is a time when even strategic public sector institutions including airports are being privatised. The thinking behind this is that such institutions can only be run successfully in the private sector as they require huge capital investment, framing of futuristic development vision and professionalism in management."
"Behind this is the conventional idea that it is not the government's duty to run industries that benefit the entire society or intervene in the market. But an alternative to this can be seen in public sector institutions in Kerala."
"The public sector in Kerala stands as a testament to the success of government-backed institutions. Here they are protected and prospering. The state even takes over and operates the institutions that are even slated for disinvestment by the Centre."
"The best example of this alternative is the Cochin International Airport Limited, which is under the direct control of the Government of Kerala", he said.
“This is the fourth mega project to be inaugurated in CIAL in the last 2 years. The three projects that were commissioned earlier - Aripara hydroelectric power plant, Payyannur solar power plant and Business Jet Terminal are making notable strides."
"CIAL is an alternative that renders irrelevant the argument that only the private sector can operate airports efficiently and profitably in this ever-changing world, where new technologies are constantly being introduced,” he said.
The projects inaugurated include the Import cargo Terminal, DigiYatra e-boarding software, Modernization of Airport Emergency Services, International Terminal Expansion: Phase 1, Golf Tourism venture, Construction of India’s biggest Aero Lounge and the Perimeter Intrusion Detection System (PIDS). The Chief Minister stated that all these projects validate CIAL’s vision of 'Flying into Tomorrow'. UNI DS SSP
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