Friday, March 15, 2013

Budget aims at Holistic development of Kerala: CII’


‘Budget aims at Holistic development of Kerala: CII’

Mr K M Mani, Finance Minister today presented the State Budget for the year 2013-14. Mr Mani was

pleased with the rate of growth of Kerala‘s GDP at 9.51 % and said this was a very promising sign of

good things to come for Kerala.

Meanwhile, Confederation of Indian Industry (CII) had organized a live Budget Viewing Session in

their new office at Abad Nucleus Mall, Maradu, Kochi. The session was attended by top Industrialists

of the state including Mr C J George, Chairman, CII Kerala State Council & Managing Director, Geojit

BNP Paribas Financial Services Ltd; Mr Jose Dominic, Managing Director, CGH Earth; Mr Shivdas B

Menon, Managing Director, Sterling Farms Researches & Services Pvt Ltd; Mr KKM Kutty, Managing

Director, Sealings & Jointings Ltd; Mr Gigo Joseph, Chief Executive Officer, Infopark Kochi; Dr S

Sajikumar, Managing Director, Dhathri Ayurveda Ltd; and others.

Mr CJ George, Chairman, CII Kerala & Managing Director, Geojit BNP Paribas Financial Services said

that the Budget aimed at facilitating Holistic development of the State. The Industry overall welcomed

the Budget terming it as a very balanced budget formulated keeping in mind the future growth path of

the state. He also appreciated the growth rate of the state and said that Kerala achievements as a state

were commendable when compared to more developed states in the country. Mr George also praised

many of the initiatives planned by the Government including the proposal of Mobility Hubs across all

Districts in Kerala. He also mooted the government’s proposal to promote the use of Solar Energy and

said this was a step taken keeping the future of the state in Mind.

Mr KKM Kutty, Managing Director, Sealings & Jointings Ltd termed the budget as commendable and

congratulated the State Government for the same. He spoke highly of the Finance Ministers initiatives

and vision of transforming Kerala into a developed and progressing state. He also said that the

government was trying to rewrite and rebrand the Kerala success story with the proposal of this years

Southern Region Headquarters: 98/1, Velacherry Main Road, Guindy, Chennai – 600 042
Headquarters: The Mantosh Sondhi Centre, 23, Institutional Area, Lodi Road, New Delhi – 110 003

Mr Jose Dominic, Managing Director, CGH Earth termed the budget as encouraging from the Tourism

sectors perspective. He praised the proposal of introducing flagship projects promoting Innovations and

Skills development. With reference to the recently concluded Emerging Kerala, Mr Dominic stressed on

the importance of Tourism and the role it played in boosting the GDP and growth rate of the state. Mr

Dominic also said that the governments vision of The Cochin Muziris Biennale –II AND THE Sea plane

project were truly game changers and would transform the tourism landscape of the state. The only

disappointment was that the State was not taking adequate measures to promote Responsible Tourism

and he urged the government to look in that direction as well.

Mr Shivdas B Menon, Managing Director, Sterling Farms Researches & Services Pvt Ltd said that

the Budget was a blessing for the Agricultural Sector of the state. He praised the Finance Minister in

being lavish in his allocation for the state’s primary resource, that is, agriculture. He also said that the

Government through this year’s budget was aiming more at value addition. He welcomed the proposal

of setting up of 1000 Greenhouses, as well as the proposal of introducing Fish mall, and promoting

High-tech agriculture. He said that in order for the agricultural sector to develop and grow, latest

advancement in technology must be implemented and utilized. He also appreciated Finance Ministers

gesture of complete waiving of interest on agricultural loans for farmers. He also spoke highly of the

proposal of setting up Thrissur Agricultural Complex and said this would be an ideal platform to promote

indigenous products of Kerala such as Coir , Rubber etc.

Mr Gigo Joseph, Chief Executive Officer, Infopark Kochi called the Budget as a very balanced and

calculative Budget in terms of the IT Sector of the state. Mr Gigo was pleased of the allocation of 125

Crores to funding of IT Parks in the state. He also appreciated the governments vision of setting up of

a ‘Innovation Zone’ which would act as a common umbrella for various sectors promoting Innovation

and said that this truly was a revolutionary concept. Mr Joseph also welcomed the initiative of opening of

various IT Parks across the various districts in the state.

Southern Region Headquarters: 98/1, Velacherry Main Road, Guindy, Chennai – 600 042
Headquarters: The Mantosh Sondhi Centre, 23, Institutional Area, Lodi Road, New Delhi – 110 003

To sum it up, The Industry has termed the Budget as an encouraging one with focus on Kerala

Strengths that is, IT & Agriculture, and at the same time planning for the growth path to be adopted in ‘Budget aims at Holistic development of Kerala: CII’

Mr K M Mani, Finance Minister today presented the State Budget for the year 2013-14. Mr Mani was

pleased with the rate of growth of Kerala‘s GDP at 9.51 % and said this was a very promising sign of

good things to come for Kerala.

Meanwhile, Confederation of Indian Industry (CII) had organized a live Budget Viewing Session in

their new office at Abad Nucleus Mall, Maradu, Kochi. The session was attended by top Industrialists

of the state including Mr C J George, Chairman, CII Kerala State Council & Managing Director, Geojit

BNP Paribas Financial Services Ltd; Mr Jose Dominic, Managing Director, CGH Earth; Mr Shivdas B

Menon, Managing Director, Sterling Farms Researches & Services Pvt Ltd; Mr KKM Kutty, Managing

Director, Sealings & Jointings Ltd; Mr Gigo Joseph, Chief Executive Officer, Infopark Kochi; Dr S

Sajikumar, Managing Director, Dhathri Ayurveda Ltd; and others.

Mr CJ George, Chairman, CII Kerala & Managing Director, Geojit BNP Paribas Financial Services said

that the Budget aimed at facilitating Holistic development of the State. The Industry overall welcomed

the Budget terming it as a very balanced budget formulated keeping in mind the future growth path of

the state. He also appreciated the growth rate of the state and said that Kerala achievements as a state

were commendable when compared to more developed states in the country. Mr George also praised

many of the initiatives planned by the Government including the proposal of Mobility Hubs across all

Districts in Kerala. He also mooted the government’s proposal to promote the use of Solar Energy and

said this was a step taken keeping the future of the state in Mind.

Mr KKM Kutty, Managing Director, Sealings & Jointings Ltd termed the budget as commendable and

congratulated the State Government for the same. He spoke highly of the Finance Ministers initiatives

and vision of transforming Kerala into a developed and progressing state. He also said that the

government was trying to rewrite and rebrand the Kerala success story with the proposal of this years

Southern Region Headquarters: 98/1, Velacherry Main Road, Guindy, Chennai – 600 042
Headquarters: The Mantosh Sondhi Centre, 23, Institutional Area, Lodi Road, New Delhi – 110 003

Mr Jose Dominic, Managing Director, CGH Earth termed the budget as encouraging from the Tourism

sectors perspective. He praised the proposal of introducing flagship projects promoting Innovations and

Skills development. With reference to the recently concluded Emerging Kerala, Mr Dominic stressed on

the importance of Tourism and the role it played in boosting the GDP and growth rate of the state. Mr

Dominic also said that the governments vision of The Cochin Muziris Biennale –II AND THE Sea plane

project were truly game changers and would transform the tourism landscape of the state. The only

disappointment was that the State was not taking adequate measures to promote Responsible Tourism

and he urged the government to look in that direction as well.

Mr Shivdas B Menon, Managing Director, Sterling Farms Researches & Services Pvt Ltd said that

the Budget was a blessing for the Agricultural Sector of the state. He praised the Finance Minister in

being lavish in his allocation for the state’s primary resource, that is, agriculture. He also said that the

Government through this year’s budget was aiming more at value addition. He welcomed the proposal

of setting up of 1000 Greenhouses, as well as the proposal of introducing Fish mall, and promoting

High-tech agriculture. He said that in order for the agricultural sector to develop and grow, latest

advancement in technology must be implemented and utilized. He also appreciated Finance Ministers

gesture of complete waiving of interest on agricultural loans for farmers. He also spoke highly of the

proposal of setting up Thrissur Agricultural Complex and said this would be an ideal platform to promote

indigenous products of Kerala such as Coir , Rubber etc.

Mr Gigo Joseph, Chief Executive Officer, Infopark Kochi called the Budget as a very balanced and

calculative Budget in terms of the IT Sector of the state. Mr Gigo was pleased of the allocation of 125

Crores to funding of IT Parks in the state. He also appreciated the governments vision of setting up of

a ‘Innovation Zone’ which would act as a common umbrella for various sectors promoting Innovation

and said that this truly was a revolutionary concept. Mr Joseph also welcomed the initiative of opening of

various IT Parks across the various districts in the state.

Southern Region Headquarters: 98/1, Velacherry Main Road, Guindy, Chennai – 600 042
Headquarters: The Mantosh Sondhi Centre, 23, Institutional Area, Lodi Road, New Delhi – 110 003

To sum it up, The Industry has termed the Budget as an encouraging one with focus on Kerala

Strengths that is, IT & Agriculture, and at the same time planning for the growth path to be adopted in ‘Budget aims at Holistic development of Kerala: CII’

Mr K M Mani, Finance Minister today presented the State Budget for the year 2013-14. Mr Mani was

pleased with the rate of growth of Kerala‘s GDP at 9.51 % and said this was a very promising sign of

good things to come for Kerala.

Meanwhile, Confederation of Indian Industry (CII) had organized a live Budget Viewing Session in

their new office at Abad Nucleus Mall, Maradu, Kochi. The session was attended by top Industrialists

of the state including Mr C J George, Chairman, CII Kerala State Council & Managing Director, Geojit

BNP Paribas Financial Services Ltd; Mr Jose Dominic, Managing Director, CGH Earth; Mr Shivdas B

Menon, Managing Director, Sterling Farms Researches & Services Pvt Ltd; Mr KKM Kutty, Managing

Director, Sealings & Jointings Ltd; Mr Gigo Joseph, Chief Executive Officer, Infopark Kochi; Dr S

Sajikumar, Managing Director, Dhathri Ayurveda Ltd; and others.

Mr CJ George, Chairman, CII Kerala & Managing Director, Geojit BNP Paribas Financial Services said

that the Budget aimed at facilitating Holistic development of the State. The Industry overall welcomed

the Budget terming it as a very balanced budget formulated keeping in mind the future growth path of

the state. He also appreciated the growth rate of the state and said that Kerala achievements as a state

were commendable when compared to more developed states in the country. Mr George also praised

many of the initiatives planned by the Government including the proposal of Mobility Hubs across all

Districts in Kerala. He also mooted the government’s proposal to promote the use of Solar Energy and

said this was a step taken keeping the future of the state in Mind.

Mr KKM Kutty, Managing Director, Sealings & Jointings Ltd termed the budget as commendable and

congratulated the State Government for the same. He spoke highly of the Finance Ministers initiatives

and vision of transforming Kerala into a developed and progressing state. He also said that the

government was trying to rewrite and rebrand the Kerala success story with the proposal of this years

Southern Region Headquarters: 98/1, Velacherry Main Road, Guindy, Chennai – 600 042
Headquarters: The Mantosh Sondhi Centre, 23, Institutional Area, Lodi Road, New Delhi – 110 003

Mr Jose Dominic, Managing Director, CGH Earth termed the budget as encouraging from the Tourism

sectors perspective. He praised the proposal of introducing flagship projects promoting Innovations and

Skills development. With reference to the recently concluded Emerging Kerala, Mr Dominic stressed on

the importance of Tourism and the role it played in boosting the GDP and growth rate of the state. Mr

Dominic also said that the governments vision of The Cochin Muziris Biennale –II AND THE Sea plane

project were truly game changers and would transform the tourism landscape of the state. The only

disappointment was that the State was not taking adequate measures to promote Responsible Tourism

and he urged the government to look in that direction as well.

Mr Shivdas B Menon, Managing Director, Sterling Farms Researches & Services Pvt Ltd said that

the Budget was a blessing for the Agricultural Sector of the state. He praised the Finance Minister in

being lavish in his allocation for the state’s primary resource, that is, agriculture. He also said that the

Government through this year’s budget was aiming more at value addition. He welcomed the proposal

of setting up of 1000 Greenhouses, as well as the proposal of introducing Fish mall, and promoting

High-tech agriculture. He said that in order for the agricultural sector to develop and grow, latest

advancement in technology must be implemented and utilized. He also appreciated Finance Ministers

gesture of complete waiving of interest on agricultural loans for farmers. He also spoke highly of the

proposal of setting up Thrissur Agricultural Complex and said this would be an ideal platform to promote

indigenous products of Kerala such as Coir , Rubber etc.

Mr Gigo Joseph, Chief Executive Officer, Infopark Kochi called the Budget as a very balanced and

calculative Budget in terms of the IT Sector of the state. Mr Gigo was pleased of the allocation of 125

Crores to funding of IT Parks in the state. He also appreciated the governments vision of setting up of

a ‘Innovation Zone’ which would act as a common umbrella for various sectors promoting Innovation

and said that this truly was a revolutionary concept. Mr Joseph also welcomed the initiative of opening of

various IT Parks across the various districts in the state.

Southern Region Headquarters: 98/1, Velacherry Main Road, Guindy, Chennai – 600 042
Headquarters: The Mantosh Sondhi Centre, 23, Institutional Area, Lodi Road, New Delhi – 110 003

To sum it up, The Industry has termed the Budget as an encouraging one with focus on Kerala

Strengths that is, IT & Agriculture, and at the same time planning for the growth path to be adopted in the future.

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