All licenses to be issued in 7 days

Chief Minister Pinarayi Vijayan is making all efforts to ensure Kerala becomes the most preferred investment destination, underlining the state’s support to investors.

Addressing the webinar on “Rebuilding and Reinvigorating Kerala’s Economy Post COVID-19” on 21 May 2020, he said, “We are focusing on agriculture, MSMEs, tourism and IT sector. We will give all possible help. Together we can bring Kerala back and will make it the most preferred investment destination.”

Highlighting the steps taken by the government to attract investments, Vijayan said, “We are committed further to easing the norms for industrial licensing.

“All licenses will be issued in 7 working days. We have also setup an Investment Promotion Taskforce including both national and international experts. Kerala has a distinct advantage in having an educated skilled labour force and this is advantageous for knowledge based industrial sectors.”

The Chief Minister highlighted steps undertaken to ease the industrial licensing system including end-to-end online system, automated approvals based on self-certifications, and introduction of deemed approvals. The government has also rationalized existing rules and introduced new technologies to support the system.

“Kerala is keen to make itself an investment destination and we will make changes to attract investments. Our ports, airports, and other infrastructure will help us in a big way. We request investors to come forward and strengthen our efforts,” elaborated Vijayan.

FICCI President Dr Sangita Reddy added “We need to ideate, reinvent, and find ways to revive the economy.

“Strength of Kerala lies in its people, human resources, agriculture, IT sector, and FICCI would extend all support to work with the state government.”

The FICCI webinar was addressed by industry leaders from various sectors including Dr Jyotsna Suri, Past President, FICCI and CMD, The Lalit Suri Hospitality Group; Dr Vidya Yeravdekar, Chairperson-FICCI Higher Education Committee & Pro-Chancellor, Symbiosis International University; Dr Harish Pillai, Chair- FICCI Medical Value Travel Committee; Member- FICCI Health Services Committee & CEO-Aster India, Sanjog Gupta, Chairman, FICCI Sports Committee & Sports Product Head, Star India and Harsh Goenka, Chairman, RPG Enterprises.


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