Kerala announces measures to speed up investment
"Officials who do not do their job cleanly and put up roadblocks in front of these investors would be strongly proceeded against likewise a Rs 5 lakh would be levied on those investors who furnish false affidavit for approvals and each license issued would be valid for five years " he told reporters here.
Moideen also pointed out that the government is open to investment proposals which will work out to the good of the state but they should be environment-friendly.
To help the officials in giving clearance an online system - Kerala Single Window Interface for Fast and Transparent Clearance (K-SWIFT) - would go live in September he said adding that the state government would support import of granite and sand for those engaged in the construction sector.
--IANS sg/vd