64 views 4 mins 0 comments

Kerala Industries Minister releases Investor Guide on Opportunities in Multiple Sectors

In Business
August 24, 2020

THIRUVANANTHAPURAM:
With a view to capitalising on the post-pandemic economic resurgence by positioning the state as a safe and sustainable investment destination, Kerala today came out with a comprehensive investor guide to enable entrepreneurs to explore unique opportunities awaiting them in multiple sectors.

The compendium titled ‘Invest Kerala Primer’ was released by Minister for Industries, Sports and Youth Affairs E P Jayarajan in his chamber at the Government Secretariat by handing over a copy to Dr K Ellangovan, Principal Secretary, Industries. The Investor Guide was brought +out by the Industries Department.

V R Prem Kumar, Director of Industries and Commerce, KSIDC Executive Director N S K Umesh, KINFRA Managing Director Santhosh Koshy Thomas and K-BIP CEO Suraj S were present.

Besides providing specific information about potential areas that beckon investments, the investor guide figures out how easily and quickly entrepreneurs can make decisions, thanks to a raft of legislative and policy initiatives that have reformed, rationalised and simplified the investment regime in the state

Starting with a snapshot of Kerala’s core competence like geo-strategic advantage, high socio-economic indices and good and pro-active governance, the guide provides details of the simpler, faster and friendlier investment climate in the state, promising sectors and the institutional mechanisms that ensure hassle-free clearances and how and where to approach for assistance.

Building on its inherent strengths, Kerala has reinforced its position as an investment-friendly state through a string of trail-blazing legislations and policy initiatives.

Kerala stands out as a conducive investment destination due to a host of factors including its commendable achievement as the premier state in leveraging digital technology, highly successful start-up ecosystem and the time-tested public health care policies that received global accolades for tackling the COVID-19 pandemic.

The Government has formulated and implemented several growth-oriented policies that have substantially improved the industrial climate in the state. As part of this, some important Acts and rules had been amended to make them simple and rational, enabling the investors to implement their projects in a time-bound and hassle-free manner.

The Government has also strengthened industrial infrastructure by setting industrial parks. The state has been able to attract investments in diverse sectors due to these reforms and calibrated policy initiatives.

Besides highlighting these aspects, the Investor Guide carries information on sector-wise parks that offer affordable spaces and creative ambience to diverse enterprises and start-ups in a fully-digitised and data-dependent high-tech global context.

A section entitled ‘How to Invest?’, has details of various models for the entrepreneurs to choose like public private participation, special purpose vehicles, joint ventures, holding companies and equity participation.

The guide offers information on how to seek the help of nodal agencies for basic requirements like land lease and obtain approvals from various government departments and agencies through the single-window set-up in double quick time.

Also, it has highlights of major mega projects that hold investment opportunities in various parts of the state.