Mullappally said in a statement here that right from day one the LDF government had worked to ensure that the airport is given to Prime Minister’s loyalist Adani.
He said that the India's geostrategic position and massive market size give it an edge over its global peers amid the fundamental political realignment of nations.
L&T with its 20 lakh and five thousand plus followers, is the top most followed conglomerate, with Reliance Industries followed the second most at over 18 lakh, 98 thousand followers.
AAI signs pact with Adani Group for running three airports including Jaipur and Guwahati
The state government and Airport Authority Employees Union have challenged the Union government’s decision to privatise the airport disregarding the protest of the state.
Shares of Adani Enterprises also gained 3.22 per cent in morning trade, but later pared all the gains and were quoting nearly 2 per cent lower.
The Adani Group will also take steps to complete the acquisition of a 23.5% equity stake from South African entiy ACSA and Bidvest in MIAL for which it has obtained CCI approval.
In a statement here, he said that it was the central government that decided to hand over the rights to run the Thiruvananthapuram airport to the Adani group.
The Chief Minister also made clear that the state cannot cooperate with the Centre in airport privatisation as it is against the interest of the people.
Opposition leader Ramesh Chennithala sought clarification from the government on roping in a firm close to the Adani Group.
KPCC leadership had not consulted him before they expressed their displeasure at the privatisation move, said the Thiruvananthapuram MP.
The only difference is the state will have 26 per cent stake in TIAL, while Adani Enterprises will now have 100 equity.
CPM state secretary Kodiyeri Balakrishnan said that Kerala will not allow privatisation of the airport and the Adani group won't be able to run the airport, ignoring the state's protests.
The state made it clear that leasing out buildings and structures as well as other premises of the airport was not in the public interest
The letter emphasises the major role played by the state in establishing the airport by handing over the land free of cost.