Kerala favours public sector coach factory

State equity will be value of land if factory at Palakkad comes up in partnership with Centre

PTI | May 19, 2010



Kerala cabinet today favoured the proposed railway coach factory at Palakkad to be set up in the public sector.

In case the centre plans to set up the factory as a joint venture, the value of land should be considered as the equity share of the state, chief minister V S Achuthanandan told reporters after the cabinet meeting here.

He also said it had been decided to constitute a Kerala State Forest Development Agency with an objective to preserve and protect the bio-diversity of forests in the state.

A committee headed by state principal conservator of forests P M Manoharan had been constituted to recommed ways for modernising the forest department and asked to submit its reprot in next three months, Achuthanandan said.


 

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