Kochi, Jan 20: The Kerala government proposed to set up a 'fast-track' mechanism on a war-footing to ensure easy clearance and implementation of the nearly Rs 26,000 crore investment proposals, which came up at the two-day Global Investor Meet (GIM), chief minister, A K Antony, said today. Of the Rs 26,000 crore investment proposals, Rs 10,000 crore was announced by Prime Minister A B Vajpayee for public sector projects when he inaugurated the meet on Saturday. In his first post-GIM press conference, Antony said the mechanism would be put in place as soon as possible to implement the projects on a transparent manner. "We will process the MOUs and projects which have come up at the GIM after following all procedures and there will be no delay". The 'GIM spirit' would be followed up, he said.

The GIM had been an 'overwhelming success', he said, adding that the strategy of proactively identifying investment opportunities and placing them before the international community had 'paid off very well'. Investor interest has been received for a number of projects and MOUs signed with many others. Investment announcements had been made for projects covering all the vital areas of infrastructure, industries and services sectors, he added.

Bureau Report