Looking to jumpstart Kerala's economy,state leaders are eyeing real estate for fresh growth. At a major real estate event in Thiruvananthapuram,Chief Minister pushed for bold public-private partnerships .
He proposed a deal between state,investors,and builders for large projects. Goal: smoother bank financing for construction. “We need new economic models to revive the economy,” he said .
Chief Minister vowed not to hike taxes for funding . Since taking office,he noted,no new taxes despite mounting state debt. “We can fill coffers without raising taxes,” he argued, slamming petroleum cess for cutting fuel use and revenue .
Cess reduced fuel use by 1.5 crore liters,hitting revenue . But he applauded tax cuts on electric vehicles for boosting sales and revenue. “Tax cuts will benefit the State,” he said confidently.
To tackle red tape,he promised faster decisions,simpler processes. Legal tweaks might be needed,he acknowledged, urging quick return of Kerala Coastal Zone Management Authority,which has been inactive. “Delays cost exchequer dearly,” he warned .
Calling for government-business cooperation,he told builders,merchants,entrepreneurs they are partners,not foes. “Your activities boost government revenue,” he explained, saying only tax dodgers are enemies,while honest taxpayers are key to stability .
“Government aims to support any industry in crisis,” he wrapped up,saying a healthy business climate is crucial. His words hint at a push for growth…while keeping fiscal discipline in mind.
