State Finance Minister K.M. Mani has said that the projects proposed at the ensuing Emerging Kerala investment meet will be scrutinised by the State Investment Board before the government gives the final approval.

Speaking to reporters here, he said the projects would be environment-friendly and the State’s interests would be protected.

Though Kerala was ahead of many States in social indices, the State is way behind neighbouring Tamil Nadu and Karnataka in terms of economic advancement. More employment opportunities are required and income levels should go up, he said.

He pointed out that private participation in projects has been found to be a successful model for development in many countries, including China. Private investment in the State would help boost the economy.

The Minister also reiterated that transparent procedures would be adopted for clearance of the listed projects. Criticism on the investment meet were being considered as part of the democratic process, he said.

The Minister, who had visited the UK recently, said 40 delegates were expected from that country for the investment meet.

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