Category: Export Credit

Minister flays Canadian firm

(September 1, 2005) Aryadan Mohammed, the electricity minister for the small southwest Indian state of Kerala, claims Canada-based engineering and construction firm, SNC-Lavalin, has cheated the people of Kerala of Rs98m, which it had offered for setting up a cancer center in Malabar as part of a Rs3.47bn power contract approved by Kerala’s previous government.