Synopsis
During the Invest Kerala Global Summit (IKGS) -2025, Chief Minister Pinarayi Vijayan highlighted Kerala's evolving investment landscape, emphasizing substantial reforms and initiatives aimed at attracting global investors while ensuring a streamlined process.Key Takeaways
- Kerala's investment landscape is transforming.
- Government facilitates seamless investment processes.
- Progress in the startup sector with 6,200 startups.
- Focus on Aerospace and graphene technology.
- Vizhinjam Port development enhances transshipment capabilities.
Kochi, Feb 21 (NationPress) Chief Minister Pinarayi Vijayan addressed global investors and dignitaries at the two-day Invest Kerala Global Summit (IKGS) -2025, emphasizing that the state's investment landscape is on the brink of a transformative era, showcasing remarkable advancements. "The modifications we've implemented are not just incremental but significant. Kerala, recognized for its impressive performance in Human Development Indicators, is poised to emerge as a prominent investment hub. The government perceives its role as a crucial facilitator and catalyst. We adopt a comprehensive perspective, ensuring equal focus on everything from policy creation to final implementation," stated CM Vijayan.
"We guarantee that no investor in Kerala will encounter a maze of procedural delays or the obstacles of red tape. We have made significant progress in streamlining investment procedures," he added.
"Beyond unraveling the complexities of laws and regulations, the Government of Kerala is committed to resolving infrastructural deficits, recognizing that top-tier infrastructure is essential for attracting investments to the state," CM Vijayan remarked.
The IKGS 2025 is being organized by the Kerala State Industrial Development Corporation (KSIDC) on behalf of the Department of Industries & Commerce, with approximately 3,000 investors, entrepreneurs, and bureaucrats participating in the event, which includes business delegations from six nations.
Further elaborating, CM Vijayan highlighted that Kerala has made significant advancements in the startup domain. "In the past eight years, we have seen the creation of 6,200 startups, attracting an investment of Rs 5,800 crore and generating 62,000 job opportunities. Our goal is to establish 15,000 startups and create 100,000 employment opportunities by 2026."
CM Vijayan also pointed out that the government is keen on expanding the Aerospace sector and has initiated measures to facilitate investments in this field.
"Additionally, I want to highlight our efforts in graphene-based advanced technological material research led by the Digital University. Graphene holds tremendous potential for applications in electronics and energy. Kerala is taking steps toward a clean energy economy, including the establishment of a Hydrogen Valley project in Kochi, which has been acknowledged by the World Economic Forum, Davos, as one of the 13 leading global industrial clusters."
He also noted that the Vizhinjam Port development is progressing rapidly and is slated for completion in 2028, ahead of schedule.
"The port is positioning Kerala as a center for the transshipment of goods, creating substantial opportunities for ancillary development."
"The manufacturing sector's contribution to Gross State Value Added has increased from 9.8 percent in 2014-15 to 11.5 percent in 2023-24."
CM Vijayan concluded his address by reiterating the government's commitment to making Kerala a prime investment destination, stating, "We will exert every effort and leave no stone unturned. We have a comprehensive approach aimed at implementing our strategies in a substantial manner, rather than incrementally."
