Kerala setting a new benchmark for investment promotion, project implementation: Rajeeve
Four projects for which expression of interests (EOIs) have been received at the Invest Kerala Global Summit (IKGS) in Kochi this February commenced in April. The projects have a total outlay of ₹1,211 crore.
Meanwhile, foundation stone will be laid this month for eight projects coming up at an investment of ₹2,675 crore. The four projects have the potential to generate 3,050 jobs. As many as 8,800 jobs will be created by the eight projects.
Disclosing this at a press conference here on Wednesday, Minister for Industries P. Rajeeve said this affirmed Kerala's standing as a premier investment destination with increased investor trust in the government.
He said another five projects, with an outlay of over ₹1,000 crore and the potential to generate 2,400 jobs, were slated to begin in June.
'By combining transparent digital tools, decentralised execution, and policy reform, Kerala is setting a new benchmark for investment promotion and project implementation in the country,' he said.
Among the major proposals that came up at the IKGS, the Genome Valley at Life Sciences Park with an investment of ₹3,800 crore in Thiruvananthapuram will commence construction shortly while Unity Mall in Thiruvananthapuram will be inaugurated in November, the Minister said.
A dedicated advisory group, chaired by the Minister, has been formed for monitoring project implementation, coordinating across departments and resolving issues.
A policy reform meeting chaired by the Chief Minister is scheduled for June. The meeting will address the procedural and policy bottlenecks that affect investment implementation and focus on improving the overall ease of doing business.
A portal, industrialland.kerala.gov.in, has been launched to create a database of land available in the State for industrial purposes, the Minister said.
The portal will function like a matchmaking website where those who have land available for industrial purposes can list information, Mr. Rajeeve said.
Another portal, developed by the Kerala State Industrial Development Corporation, will provide investors and departments updates and information about each proposal's implementation status.
It also features a monthly progress report to ensure transparency and stakeholder accountability. Around 450 EOIs have been received at the IKGS, for which over 370 project-level meetings have been conducted so far, and updated status reports and photographs have been uploaded on the dashboard of the IKGS portal.
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