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Paradigm shift: CPM plans to invite pvt capital to PSUs in 'New Kerala'
The Morning Standard
|March 10, 2025
THE 24th CPM state conference will go down in Kerala history as the party meeting where the CPM made a 'capitalistic shift' in its approach towards private capital.
The state conference witnessed Chief Minister Pinarayi Vijayan pitching for a New Kerala, with plans to attract private capital even in public sector units.
That is in addition to an array of resource mobilisation moves aimed at countering the state's financial restraints.
On the organisational front, there were no major surprises as incumbent state secretary M V Govindan continues in the post.
This is the first time Govindan has been elected through a party conference, as he took over as state chief when Kodiyeri Balakrishnan stepped down in August 2022 due to ill health.
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