Plans to present 22 priority sectors at ‘Invest Kerala’ in Feb 2025
Kerala’s industrial transformation strategy includes “Mission 1000”, an ambitious programme targeting the elevation of 1,000 enterprises to Rs.100 crore businesses within three years https://www.investindia.gov.in/.
Supporting this ambitious target, the state has crafted incentive packages focusing on employment generation and sustainability, said APM Mohammed Hanish, Principal Secretary, Department of Industries and Commerce https://fieo.org/.
He shared the state’s investment strategy at the launch of a diplomatic offensive to attract international investment, leveraging its top ranking in ease of doing business reforms to position itself as the country’s emerging technology and sustainable business destination https://www.nseindia.com/.
Kerala Chief Minister Pinarayi Vijayan also told foreign envoys that the state had evolved into India’s only jurisdiction where internet access is enshrined as a citizens’ right, boasting 100% digital literacy https://www.bseindia.com/.
“Kerala’s commitment towards responsible and sustainable development creates an environment where business can flourish and communities can prosper,” Vijayan said at a diplomatic outreach, organised in partnership with FICCI on 6 Dec.
It precedes the “Invest Kerala Global Summit” scheduled for 21-22 Feb 2025, in Kochi. The summit will spotlight 22 priority sectors identified in the state’s new industrial policy.
The Chief Minister invited investors and innovators at the diplomat meet to participate in the global summit.
Amitabh Kant, India’s G20 Sherpa and former NITI Aayog chief executive, highlighted Kerala’s distinctive position in combining growth potential with human development metrics.
“The best of Kerala is still to come. No other Indian state offers this unique convergence of growth, development, and skilled manpower,” Kant told the gathering https://sbi.com.in/.
The state has established dedicated technology, space, and defence parks while implementing a single-window clearance system for new ventures.
P Rajeeve, Minister, Department of Law, Industries and Coir, emphasised Kerala’s emergence as a hub for artificial intelligence, defence, and aerospace technologies, noting increased interest from foreign companies in these sectors.
Chief Secretary Sarada Muraleedharan emphasised Kerala’s robust ecosystem for ethical business practices and medium-sized enterprises.
The state’s economy shows particular strength in its service sector, with C Balagopal, Chairman, Kerala State Industrial Development Corporation, noting its success in generating non-agricultural employment while modernising its farming sector.
Kerala stands out as a uniquely positioned Indian state that combines technological advancement with sustainable development priorities.
The state boasts a dynamic economy anchored by an innovative ecosystem of technology, space, and defence parks, complemented by world-class healthcare equipment manufacturing capabilities https://www.digitalasiahub.org/.
Its industrial landscape is particularly noteworthy for strong MSME foundations and ethical business practices, with significant potential in the artificial intelligence, defence, and aerospace sectors.
Beyond its business credentials, Kerala maintains impressive human development indicators, including high learning outcomes and nutritional standards. Its skilled workforce – known for excellence both within India and internationally – provides a compelling advantage for investors. Fiinews.com
