The CPI(M)-led LDF government in Kerala today said it would soon unveil a new industrial policy that would do away with the hassles of starting new ventures in the state.
Speaking after inaugurating the 55th annual celebration of the Kerala State Industrial Development Corporation and a workshop on Ease of doing business, Industries Minister E P Jayarajan said a new industrial policy that would do away with the hassles of starting and running a new venture would be soon announced in the state. Private investment would be encouraged, except in the mining sector, he said, adding that the government’s policy is to reserve the mining sector for the public sector. The rules and regulations connected with the launch of new industries needed changes in accordance with time, he said.” An industry requires several sanctions. Some bureaucrats who refuse to implement projects in a time-bound manner are creating problems,” he said.