00:00You have couple of world class projects here in Kerala. One of them is Adani's new port.
00:05And you know there has been a stake sale there and you have objected to it. What is the status
00:09there right now?
00:10That is their Virindam port is improving. Their progress report is good.
00:17They are doing well. And the recent issue is that they entered into an MOU with one international company
00:28MSE, Mediterranean shipping company. They are subsidiary. They are going to sell their stake 49%.
00:40Because of your objection there have been some doubts now about the future of the project.
00:46The state government remains committed to the project? No, we have not made any objection.
00:50We expressed our dissatisfaction that before sending the letter to the SEBI they had to inform the state government.
01:02But within 24 hours they informed the state government. They submitted their letter.
01:07After two days of span, span of two days they submitted another revised letter also.
01:13There is no issue. We are inviting investments. We are doing the exercise of inviting the investment to Kerala also.
01:25Now the Tata is ready to invest on ship building. We are going to provide the land to the Tata
01:32group.
01:33Okay.
01:34For investing for 10,000 crore investment for ship building. Many other companies are coming.
01:39You know, for one of the titles are planned and flexible.
01:39For investing in the Ma s and M s home, finding bank.
01:39Socrates is ready to invest.
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