Keralam Gets Fast-Track Nod for Maritime Museum and Oceanarium
The Cabinet has approved fast-tracking the International Maritime Museum and Oceanarium project in Keralam. It will be set up as a Section 8 company under the Companies Act. Its financial model will be finalised in a second phase. The state-of-the-art Oceanarium is expected to boost tourism in Keralam.
Context
Context: A Section 8 company is a non-profit firm under India's Companies Act, often used for public-purpose projects. Keralam has been promoting tourism as a major source of jobs and income, so projects like this fit that plan.
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