"Kerala Secures ₹12,000 Crore Investment, Establishes Taluk-Level Facilitation Centres"

Kerala has attracted nearly ₹12,000 crore in investments from around 300 entrepreneurs, each contributing ₹5 crore or more, over the past three years, according to State Industries Minister P. Rajeeve. The announcement was made during a conclave on Continuing Investments organized by the Kerala State Industrial Development Corporation and the Department of Industries & Commerce.

To further encourage investment, the government is establishing facilitation centres at the taluk level. These centres aim to help prospective entrepreneurs navigate bureaucratic hurdles and expedite the resolution of related issues.

The Industries Ministry's renewed efforts have spurred 2.6 lakh investment initiatives, with small-scale industries alone contributing ₹16,000 crore in capital and creating jobs for 5.5 lakh people.

Mohammed Hanish, Principal Secretary (Industries), noted that Kerala has been experiencing a steady influx of investments from both modern and traditional industries. He emphasized the importance of industry officials' efforts reaching all levels to maintain an investor-friendly environment.

S. Harikishore, KSIDC Managing Director and Director of Industries and Commerce, highlighted that the state offers 18 types of grants across various sectors. He encouraged investors to utilize available facilities to learn more and engage with officials.

HBL