Kerala Lures ₹12,000 Crore Investment, Streamlines Business Setup

Kerala has secured a remarkable ₹12,000 crore in investments over the past three years, driven by around 300 entrepreneurs, each contributing a minimum of ₹5 crore. This significant achievement was highlighted by State Industries Minister P. Rajeeve during a recent conclave organized by the Kerala State Industrial Development Corporation and the Department of Industries & Commerce.

In a bid to further enhance investment opportunities, Kerala's government is rolling out facilitation centres at the taluk level. These centres are designed to assist entrepreneurs in navigating bureaucratic challenges and swiftly addressing any related issues. This initiative aims to streamline the investment process and make it more accessible for businesses.

The renewed focus from the Industries Ministry has led to 2.6 lakh investment initiatives, with small-scale industries alone injecting ₹16,000 crore and generating employment for 5.5 lakh individuals. This surge in investment reflects Kerala’s growing appeal as a business destination.

Mohammed Hanish, Principal Secretary (Industries), noted that both modern and traditional industries are increasingly drawn to Kerala. He underscored the need for continued efforts to maintain a favorable investment climate.

S. Harikishore, KSIDC Managing Director, emphasized the availability of 18 different types of grants across various sectors. He urged investors to take advantage of these resources and engage with officials to maximize their investment potential.

News  by Rahul Yelligettii