Two shipping companies selected for Kochi-Dubai passenger service

The minister said that 30 cooperatives have been chosen for the export of agricultural products, with more cooperative societies expressing interest in the project.
Minister for Cooperatives and Ports V N Vasavan
Minister for Cooperatives and Ports V N Vasavan Photo | Express

KOCHI: Two shipping companies have been selected to provide passenger ship service from Kochi to Dubai, announced Minister for Cooperatives and Ports V N Vasavan here on Tuesday.

Speaking to media persons after flagging off the first consignment of agricultural value-added products to the USA, he said that 30 cooperatives have been chosen for the export of agricultural products, with more cooperative societies expressing interest in the project.

The minister also reported that the construction of Vizhinjam port is progressing rapidly. "The completion of the project will open more opportunities for the development of the state,"

As many as 31 of the 32 cranes for Vizhinjam port has arrived from China, and the construction of groynes has been completed ahead of schedule. The work for the bypass is in the final phase. The Kerala Maritime Board plans to start ship services connecting tourism spots in Kerala with important ports in other states, he added.

Minister for Cooperatives and Ports V N Vasavan
Karuvannur probe revealed similar frauds in 12 other cooperative banks: ED tells Kerala High Court

Addressing the situation of the Karuvannur Cooperative Society, which faced a crisis following allegations of fund misappropriation, the minister stated that the society has managed to regain the confidence of investors.

"Around Rs 120 crore has been distributed to small investors, and large investments have been redeposited after part payment of deposits. The society received Rs 2 crore as a deposit and has also started a chit fund for members," he added.

Related Stories

No stories found.

X
The New Indian Express
www.newindianexpress.com