Kerala is investment-friendly, but some people trying to hamstring it: CM Pinarayi Vijayan

Thiruvananthapuram: Chief Minister Pinarayi Vijayan has raised sharp criticism against the planned move against development in the state. Inaugurating the Lulu Mall here on Thursday, the CM stated that some people are acting against the state despite it having become an investment-friendly state. Such people are developing new strategies as well, he added.

"Those who block the investments in Kerala, send petitions to Panchayats and even to the President of India. They call it 'public interest'. But they are actually against the interests of the state. Kerala is on its path to becoming a knowledge society and we must realize such people," he added.

Approval for startups above investment of Rs 50 cr is being given within seven days. Rs 3,200 cr has already been invested in the state after the computerisation of the process, he added.

The Lulu Group invested Rs 2,000 cr with the Lulu Mall project in Thiruvananthapuram. It is the biggest shopping complex in India. This is the second mall of Lulu Group in the state. Lulu group chairman MA Yousuff Ali on Wednesday said that the company is planning to start two more malls in Kozhikode and Kottayam.

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