Protests in Kochi to cast shadow on Rs 2,200-crore investments by IOC

Locals have been obstructing work since February 16 this year

The ongoing protests at Puthuvypeen in Kochi might cast a shadow on projects worth Rs 2,200 crore by state-run Indian Oil Corporation (IOC) to set up a liquefied petroleum gas import terminal, a multi-user liquid terminal, Kochi-Salem LPG pipeline and a bulk terminal at Palakkad.

Despite the National Green Tribunal (NGT) approval to go ahead with the works in August 2016, locals started obstructing the work since February 16 this year. According to the company, it is also suffering a loss of Rs 1 crore per day as the works for LPG import terminal is stopped since February. The protests