Kerala to see ₹44,000-crore investments from within State in three-and-a-half years, says Industries Minister
The Hindu
Kerala attracts ₹44,000-crore investments, focusing on enterprise growth and job creation, with a strong emphasis on women entrepreneurs.
Kerala will see ₹44,000-crore worth investments from within the State over the next three-and-a-half-years, said Minister of Industries P. Rajeeve here on Monday (December 2, 2024). The last few years have been a period when Kerala recorded considerable achievements in drawing investments, he added.
The Minister was speaking during the inauguration of an industrial conclave ahead of Invest Kerala Meet to be held in Kochi on February 21 and 22, 2025. The conclave comprises promoters of enterprises that involve investments between ₹100 crore and ₹500 crore.
The Minister said that the number of enterprises involving at least ₹1 crore or more investments stands at 696 since 2021. Of these, 203 enterprises have investments to the tune of ₹100 crore or more.
The Year of Enterprises campaign has seen the launch of 3.43 lakh new enterprises involving ₹21,299 crore investments. A total of 7 lakh jobs have been generated through these, the Minister said, adding that 31% of the investments are by women entrepreneurs.
Along with domestic investments, foreign companies too are showing interest in investments in the Kerala. The State has also identified 22 priority sectors. The Invest Kerala meet is being organised under such positive situation, said Mr. Rajeeve.
Mr. Rajeeve also said efforts will continue to maintain Kerala’s position as “number one” in the list of States in terms of ease of doing business, while calling on entrepreneurs to be “ambassadors of Kerala.”
Industries principal secretary A. P. M. Mohammed Hanish and Kerala State Industrial Development Corporation (KSIDC) chairman Balagopal C. were among those who spoke at the conclave.
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