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Pinarayi team visiting Japan, S Korea for investment midst severe criticism
Kerala

Pinarayi team visiting Japan, S Korea for investment midst severe criticism

Pennews

Chief Minister Pinarayi Vijayan is to make a visit to Japan and South Korea scouting for investors. He will lead a delegation of two ministers and bureaucrats on a 13-day trip.

Since taking charge he has made visits to West Asia, Europe and the US. Incidentally, all these visits yielded little results and cost the exchequer dearly. The visit to Japan and South Korea from November 22 is promote the state and attract investments into Kerala. Besides, official sources said the team would also look at the latest developments there so that they can be followed here.

Among those accompanying the Chief Minister are Transport Minister AK Saseendran and Industries Minister EP Jayarajan, besides Planning Commission vice-chairman VK Premachandran and Chief Secretary Tom Jose.

Market analysts point out that major companies in Japan like Suzuki, Toyota and Nissan have already made big investments in India and over the last few years there has been no major deal by these firms in the country. The analysts are skeptical about any positive outcome from the latest visit which was likely to meet the fate of his earlier jaunts and are uncalled for at a time when the State is passing through a serious financial crisis.

The inclusion of Saseendran in the team has invited wide criticism since the Kerala State Road Transport Corporation that he controls has been in the red and is struggling to even pay its employees. There is demand from the Opposition that he should first attempt to set KSRTC in order.