Packed with surprises, first budget of V D Satheesan Govt aims to transform Kerala into a global destination
1 min
ONLINE DESK | Last Updated: 19 June, 2026 | 9:48 AM IST
THIRUVANANTHAPURAM: The first budget presentation of V D Satheesan government has begun. Speaker Thiruvanchoor Radhakrishnan, who took the chair, invited Chief Minister V D Satheesan, who is handling the finance department, to present the budget. The chief minister is presenting the revised budget for 2026-2027 in the assembly.
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Integrated pack house facilities and pharma cargo facilities will be expanded to strengthen exports in the agriculture, fisheries and pharma sectors
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An international-standard global convention center will be opened adjacent to Cochin Airport
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A special cell called data-driven Invest Kerala will be launched to attract investors
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The Southern Kerala Economic Corridor will be created, combining the districts of Thiruvananthapuram, Kollam and Alappuzha into a single economic zone of strategic national importance. A project report will be prepared through an expert committee to study this
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Rs 100 crore will be allocated for the Rare Earth and Critical Minerals Corridor and Rs 50 crore for the Southern Kerala Economic Corridor.
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Kerala will be transformed into a major aviation logistics hub in Asia. Rs 200 crore will be allocated for its initial work
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Aeropark and Aero City projects will be implemented
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Water transport system will be developed
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Jun 19, 2026 09:53 AM
An international maritime museum will be established. Rs 50 crore will be allocated for this.
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Construction zones, stuffing centers, and dry ports will be set up around the Vizhinjam and Kochi ports.
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Vizhinjam will be promoted as the first port to provide green bunkering services as part of the global shipping industry's shift to green fuels.
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Jun 19, 2026 09:51 AM
A shipbuilding center will be established for the construction and maintenance of motherships. Reservations will be made for the common people of the coastal areas in the employment opportunities created here.
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Mission Samudra: Kerala will be made a major power within five years by integrating its 600 km coastline, two international ports, a container transshipment terminal, 17 non-major ports and other water resources.
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Land acquisition and construction projects for Balaramapuram-Vizhinjam underground rail and Vizhinjam - Navaikulam outer ring road projects will be expedited.
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Silver Economy will be created
Kerala will be made a port city
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The health sector will be improved
Elderly will be protected
The goal is a new era Keralam
Central share is less
Kerala's own income is lower than other states.
Action to comprehensively reform the current functioning of KIIFB by appointing an expert committee.
Kerala is in severe economic crisis
Kerala will be made a destination point by increasing investment in the health and education sectors
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The government presently has a debt of Rs 5.07 lakh crore. There are also mandatory expenses including salaries, pensions and interest, which account for 77 percent of the total revenue income. The chief minister said that Kerala is facing interest payments of 20.9 percent of the revenue income.
RELATED TOPICS: V D SATHEESAN, FIRST BUDGET PRESENTATION, BEGINS
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Packed with surprises, first budget of V D Satheesan Govt aims to transform Kerala into a global destination