“Single window a thing of past”
Estranged Kerala businessman Sabu Jacob ...
Estranged Kerala businessman Sabu Jacob, who leads Kitex business house, is in no mood to relent in his attacks on the investment atmosphere in his home state, after getting a red carpet welcome at Telangana.
“This Single Window Clearance is a thing of the past and in Kerala, it is like the frog in the well. Lot of things have changed and Kerala is yet to understand or fathom it and continues to brag about the Single Window Clearance which is available for investors,” Jacob told the media, after returning from Telangana, whose response he termed “something unbelievable”.
He dismissed the statement that Kerala is favourable for investment. “Lot of investors here are driven to the wall and have even committed suicide, unable to carry forward with their business. If we continue to be haunted, we will wind up our entire operations in Kerala and move elsewhere,” he added. He noted that though they have been in business in Kerala for the past 53 years, had they been in some other states, their growth would have been manifold.