Thiruvananthapuram | Kerala Chief Minister V D Satheesan, who also holds the Finance portfolio, on Friday presented the revised Budget for 2026–27 in the Assembly, pledging to build a "New Kerala" with inclusive growth and sustainable infrastructure development.

Citing severe fiscal stress, hidden liabilities, lower remittances and inflation as key challenges before the government, the CM unveiled Mission Samudra to build a port-led economy, elevate the state as a global maritime and economic hub.

The government is committed to stimulating the economy through broad-based development strategies, attracting large-scale investments across various sectors, mobilizing financial resources for the public exchequer, and ensuring the equitable distribution of wealth, the CM said.

"To achieve these objectives, I will now outline the government's flagship initiatives," he said.

By integrating Kerala's 600-kilometre coastline, two international ports, one container transshipment terminal, 17 non-major ports, and numerous other water-based resources, the government aims to establish Kerala as a major presence on the global maritime map within the next five years.

The vision is to transform Kerala into a port-led economy by developing a maritime ecosystem that connects roads, seaports, railways, inland waterways, industrial zones, and greenfield cities.

He said that Rs 400 crore will be allocated to the Mission Samudra project.

Satheesan said that the government was committed to stimulating the economy through broad-based development strategies and announced Rs 200 crore for turning the state into an aviation and logistic hub centered around its four airports.

Besides that, the government will also launch a Data-based Invest Kerala cell to attract investment by addressing key business bottlenecks, the CM said in his Budget speech.

Kerala Budget increases minimum support price for rubber from Rs 200 to Rs 250 Kerala Budget allocates Rs 600 crore towards Indira guarantee of free travel for women on KSRTC buses Kerala Budget allocates Rs 20 crore for preliminary work to set up light metro in Thiruvananthapuram and Kozhikode Kerala Budget allocates Rs 10 crore towards Indira guarantee of Rs 25 lakh insurance cover for every family in state. Kerala to launch Data-based Invest Kerala cell to attract investment by addressing key business bottlenecks, says CM Satheesan. Kerala Budget allocates Rs 200 crore to turn state into aviation, logistic hub centered around its four airports. Kerala govt committed to stimulating economy through broad-based development strategies, says CM Satheesan Kerala CM Satheesan, who also holds Finance portfolio, allocates Rs 400 crore for Mission Samudra in Budget 2026-27 Kerala Budget unveils Mission Samudra to build a port-led economy, elevate state as global maritime, economic hub. Kerala Budget cites severe fiscal stress, hidden liabilities, lower remittances, inflation as key challenges Govt pledges 'New Kerala' with inclusive growth, sustainable infrastructure development in Budget 2026-27, says CM Satheesan.