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LNG project: Government support sought

By Our Staff Reporter

KOCHI, DEC. 20. The chairman and managing Director of Petronet LNG Limited, Suresh Mathur, said here today that Government support would be needed for better affordability of LNG.

He was speaking at seminar, `Focus 2020,' organised by the Indian Chamber of Commerce and Industry in Fort Kochi on Monday.

A press release from the Chamber said here that Mr. Mathur appealed for Government support in the form of a possible tax holidays, fiscal concessions and zero per cent sales tax on regasified LNG.

Cost-effective

Mr. Mathur was speaking on the theme: `LNG - Cost-effective Solution for Kerala's Energy Crisis.'

He said that the total investment on the project would be to the tune of Rs. 2,200 crores.

The LNG supply price would be advantageous to the industry.

It would be most competitive for new power generation facilities, fertilizer capacity creation, especially for liquid fuel-based fertilizer units, he said.

Transshipment terminal

The Deputy Secretary of the Cochin Port Trust K. Unnikrishnan, spoke on the Vallarpadam transshipment terminal as the gateway to India. He said that if the Port did not prepare to service big vessels it did not have a future.

None of the Indian port is equipped now to service big vessels and that in the future, the percentage of big vessels would go up from 37 to 45. This added great significance to the international container transshipment terminal project.

Paul Antony, the Development Commissioner of Cochin Special Economic Zone said that Kochi could develop into a free port like Singapore. He said that Kochi already had some infrastructure and some needed to be put in place. Besides, a working atmosphere had to be created for investors, he added.

Former MP, A. C. Jose, and industrialist N. C. John, spoke on the labour unions' views and managements' views respectively on the new labour policy for sustained industrial growth.

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