KOCHI: In the era where technology is progressing at a fast pace, the CPM is planning to change its party policy to allow private investment in as many areas as possible to ensure development accordingly. The activity report presented by state secretary Kodiyeri Balakrishnan and the three-part development policy, presented by Chief Minister Pinarayi Vijayan at the CPM state conference, which started here yesterday, are clear indications of this.

The documents show that capital investments that could move Kerala forward a quarter of a century should not be shunned. The CPM is aiming for a third term in office through the vision of a modern-day class struggle. The CPM has been pursuing a policy of allowing private investment in the industrial sector since the 1960s. This led to the entry of Mavoor Gwalior Rayons and others.

The policy proposes reforms in the areas of health and higher education that are on par with developed countries. Capital investments may be allowed in line with the development interests of the state. The ways of global capital have changed. Infrastructure and technical facilities should be provided to ensure global capital and private investment. The activity report and the development policy pointed out that such means must be made possible to attract foreigners to Kerala in the field of higher education.

The state conference got underway at Kochi Marine Drive. The meet started with the hoisting of the flag by Ananthalawattom Anandan, a senior leader of the state secretariat. The delegates' session was inaugurated by general secretary Sitaram Yechury.

The development policy presented by the Chief Minister stated that the global capitalist powers are reaping the benefits through the use of the latest technology. If such technology-based industries are to enter Kerala, the necessary facilities must be provided. The development of technologies such as nanotechnology, information technology and biotechnology must be utilized. The strong intervention shown by the previous government in infrastructure development should be continued.