Hi Ajay,Thanks, AKS and Sudheesh for adding your perspectives to what I said.
I am sick and tired of hearing this myth propagated all over the place. Just to put the record straight, 26% of CIAL is owned by the Govt. of Kerala which is the largest shareholder. Another 26% is owned by HUDCO. Air India holds 10%, while Federal Bank and State Bank of Travancore hold large stakes. Most of the remainder is held by just 4 persons - all Gulf-based businessmen. Only a very minor stake is held by the general public. At best, CIAL is a PPP type project, it is definitely not private - not when the majority stake is held by the Govt. or by PSUs. Indeed, it is officially called a "joint-sector" project.(Link)
As for the whole discussion, let me state once more that I have no grudges against our expats, I just wish that they took as much interest in Kerala as you gentlemen.
And yes, New Orleans got dunked by Katrina and Mumbai gets dunked annually, I doubt whether those events are shining examples of efficiency. I am all for flood control, just that I believe it is not an overnight solution.
I agree with you here. However, I have difference of opinion in r/o ur previous posting.