Bangalore, Karnataka, India
Friday, August 21, 2020
Thiruvananthapuram; August 20, 2020: An all-party meeting which was presided over by Chief Minister Kerala, held in Thiruvananthapuram under has demanded the central government to withdraw its decision to handover Thiruvananthapuram international airport to Adani group. All attendees except BJP representatives sharply criticized the privatization of airport. The meeting decided to continue to fight legal battle jointly in this issue.
In another letter addressed to the Secretary of Civil Aviation, Chief Secretary clarified that Kerala State Industrial Development Corporation represented the state government had participated the bidding process and informed that if Adani Group quotes higher amount KSIDC is ready to pay the same amount. In 2003 Ministry of Civil Aviation assured that the right to supervision and management will be vested in SPV controlled by state government considering the state’s contribution to the development of Thiruvananthapuram International Airport.. State government is much experienced in the management of Kochin Airport in Nedumbasseri. The company which attained the bid has no such experience.
State government had contributed 23.57 acres of land to Airport Authority of India for the development in 2005. Apart from this government has started some steps to attain 18 more acres of land as per the condition that value of the land could be converted as the state’s share in the proposed SPV, Chief Minister said. He sought whole hearten support of all political parties in the legal fight against the privatisation. No agency can manage an airport without the cooperation of state government. Those who know how to run and industry would not confront with the government.
Opposition leader Ramesh Chennithala offered full support to the state government in this issue.
In the meanwhile
Tuesday, July 28, 2020
New Delhi, Delhi, India : UK based Resonance Opportunities Fund recently picked up a stake of 112,000 shares at market price of Rs. 610.35 through open market buying in BSE listed Best Agrolife Ltd., which shows the confidence of the fund and will in-turn boost investor confidence in this fundamentally strong leading global player in agrochemicals sector and one of India’s largest manufacturers of agro-inputs.
Gujarat Government and UK India Business Council Sign MoU to Strengthen the State's Industrial Development
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