FACT's ₹6,350-Crore Expansion Hinges on Centre's Revival Package

The MP requested the ministry to restructure ₹1,000 crore in loans extended by the Centre to reduce the interest burden. The FACT Board has approved expansion and modernization projects worth about ₹6,350 crore. Eden asked the ministry to expedite approvals and extend support for these projects.

He also sought a special revival package, enhanced fertilizer subsidy rates to match rising raw material costs, and immediate release of pending subsidy arrears. Separately, he asked for a complete exemption from K-VAT on LNG supplied to FACT. The K-VAT issue would require action from the Kerala government.

FACT's survival and growth are crucial for Kerala and India's agricultural and industrial economy, Eden said.