Kerala, the southernmost part of India, has always been scenic land blessed with lush greenery, tranquil backwaters, sprawling beaches, attractive golf courses etc. Kerala has provided its population with cosmopolitan quality of life through a process of living right close to nature thereby being the safest, healthiest & most environment-friendly aligning with the global Environmental, Social and Governance (ESG) framework. Kerala has also been at the forefront of socio-economic development and reforms in the Country.
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From the Kudumbashree initiative to the health sector reforms, the famed Student Police Cadet programme to Nava Kerala Mission, numerous initiatives pioneered by Kerala have been emulated at the National & Global levels. Over the years, Kerala has been the fore runner in ushering reforms to the State, and its steadfast commitment to the same is reflected in the new initiatives such as Graphene Center for Excellence, Kerala Digital University and many more.
Kerala have been a role model for the entire country with our social infrastructure such as literacy (96%), life expectancy (75.2 years), higher health indices, modernized social security, excellent law and order mechanism, ideal tourism infrastructure (winner of PATA Gold Awards, recognized biodiversity by UN, one of the 50 ideal destinations globally by National Geographic) and many more.
In order to replicate the achievements of the State in social indices to the industrial scenario as well, Government had initiated a slew of reforms with emphasis on simplification of existing rules; introduction of information technology to make governance efficient, effective, transparent and user-friendly; attractive investment subsidies; effective industrial land allotment policies; Investor Help Desks; Online clearance mechanism; designated sector leads, identified sunrise sectors and many more.
Government of Kerala has been proactive in ushering reforms to accelerate the progress of Kerala, as a preferred industrial destination in the Country. By Implementing ‘Year of Enterprise’ campaign initiated by the department, A total of 1,40,106 MSMEs were established on FY 2022-23 resulted in creation of 3,00,668 job opportunities and an investment of Rs. 8438.95 cr. in the State.
Kerala is now transforming itself as an emerging destination for setting up enterprises and doing business. The State has become a center point for investors, with its advantages of abundant skilled labour, excellent industrial infrastructure, connectivity, R&D, incentives and industry friendly rules and regulations.
Kerala at a glance
Kerala is also one of India’s most progressive states in terms of support to human development; delivery of justice; social protection; essential infrastructure and connectivity viz., 4 airports, 2 major seaports, 17 mini seaports, 2 ICT Terminals, 11 national highways, railways, metros, “SEA-ME-WE-3” and “SAFE” submarine cable landings, higher road density, 100% digital telephone exchanges, 98% of telephone exchanges connected by OFC to the National Internet Backbone (NIB), 24*7 power connectivity, road density of 390 km/100 sq. km, 1066 miles of inland waterways, excellent air quality and water softness, which is roughly three times the national average, etc. ‘Kerala Model’ in many indicative parameters is arguably at par with some of the major global super powers.
The fascinating part of the Kerala story is that it has been able to replicate its social development in the economic & industrial sectors as well
Kerala is the ninth largest economy in India, with high GDP growing at about 12% y-o-y and excellent productivity figures.
According to Public Affairs Index (PAI) 2022, Kerala ranked third best-Governed state in the Country among large States.
As per the latest SDG Index of NITI Aayog, Kerala with 75 points is the top ranked State due to its superior performance in providing good health, reducing hunger, achieving gender equality and providing quality education.
Kerala has been placed in the 6th position in State Investment Potential Index of Government of India, with excellent performance in Governance, Societal Structure and growth & labour drivers in the NCAER 2018 ranking.
Kerala’s startup ecosystem has ranked top in Affordable Talent in Global Startup Ecosystem Report (GSER) in Asia in 2022.
Kerala is also ranked 4th in the GSER global ranking, based on the research driven by Startup Genome, world’s leading policy advisory and research firm.
The State hosts a self-sustained and innovative ecosystem offering significant opportunities for growth in research & development, services and production. The state’s network of research institutions, skilled workforce, corporates and supportive government policies make it an attractive destination for investors looking to capitalize on the growing demand for healthcare and biotechnology products & services globally.
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