Earlier, Mr M M Hassan, state information minister had announced the possibility of GIM trailing later to a post-GIM committee. However, an institutional set-up will be necessary in the long-run as Kerala State Industrial Development Corporation (KSIDC) recedes from its present role of capital support to that of sheer industrial catalyst. It will be the onus of the post-GIM committee to spell out the distinction of the new body with KSIDC.
"Unless such a body is institutionalised, GIM may end up as a one-time phenomenon. We will allow a free run of debates on any controversial investment project. It will also be the role of the new body to see that debates on apprehensions do not scare away the entrepreneurs, but impress them of the consensus in the making." Mr Antony said.
The Chief Minister did not divulge if the new `institutional set-up' will have a corporate character.
"We have reiterated that GIM will not be a mere mass-MoU signing show. Even the MoUs signed will have to be vetted by the Cabinet to get clearance. The basic role of the new body will be to see that these consensus-making processes do not slow down the procedures," he said.