
Govt. scraps KSIDC-EMCC MoU
The Hindu
The State government has walked back from the ₹5,000 crore “exploratory agreement” Kerala State Industrial Corporation (KSIDC) had struck with the U.S.-based firm, EMCC International, to build a network of modern fishing harbours linked to an industrial scale marine product processing centre in Alappuzha.
On February 22, the government had invalidated the Kerala Shipping and Inland Navigation Corporation’s (KSINC) ₹2,900 crore prefatory agreement with the same company to build and operate a deep-sea trawling fleet to harvest the marine wealth off the coast of Kerala.
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