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While industrial progress alone may not define economic development, Kerala’s record of 1,24,249 businesses within the first 10 months of its 23 fiscal year marks an unprecedented surge in the state’s secondary sector. Prime Minister Pinarai Vijayan said on Saturday.
“These achievements are, in effect, our answer to the forces that continue to make concerted efforts to portray Kerala as an anti-industrial destination,” Vijayan said, adding that the , after launching the Samrambhaka Mahasangamam organized by the Ministry of Industry and Commerce. By providing hands-on support and advice to aspiring entrepreneurs across the state.
The government is seeing the fruits of its tenacious efforts to implement comprehensive and steady economic measures for all-round development for the benefit of the common people, he said.
“When we set the goal of creating one million industries between 2022 and 2023, we faced criticism that we were ‘too ambitious’, but the first eight months of the ‘Year of the Enterprise’ project We have successfully exceeded our targets in 2019,” he said.
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Noting that local governments play a central role in implementing such large-scale entrepreneurial ventures, the prime minister suggested that at least one business should be set up in each grassroots administration. Did.
“The government encourages start-ups and has made it a top priority to promote 3,800 start-ups and create 40,000 jobs in the last six months. funded,” he said. “It is no wonder that Kerala has become the hub of South Asia’s largest startup and his innovation. He also topped the Affordable Talent Rankings in Asia and finished fourth at the global level.”
Mr Vijayan downplayed claims about the amount of public debt facing Kerala, citing the Center’s financial burden in this regard as 37% of the state’s GDP amounted to 59% of its gross domestic product. Stated.
Industry Minister P. Rajeeve described ‘Samrambhaka Mahasangamam’ as the beginning of the first ten industry friendly states of Kerala. In launching the Year of the Enterprise project, the government engaged 450 local bodies and hosted 15 meetings in a coordinated grassroots effort, including confidentially with trade unions.
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“Within 245 days from now, 1,24,249 companies have been registered so far. This equates to a total investment of SEK 7,533.12. We have been assigned to women.We also have nine from the transgender community,” he revealed.“A business venture with an investment of Rs. We can get approval in minutes, and penalties will be imposed on the officers who violate it.”
The government is currently working on opening an e-commerce platform for Made in Kerala products. These will be ready by April, with the start of FY24, he said.
Revenue Minister K. Rajan said the government will continue to focus on the public while charting the map for economic development in the state.
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