Bengaluru: Kerala is making big changes to welcome investors! The state set up a special booth at the World Economic Forum (WEF) in Davos, Switzerland, for the first time in 20 years. They are excited to show that Kerala is a friendly place for business now. “Investors will see the positive changes,” said P Rajeeve, Kerala’s industries minister.
Last year, Kerala, along with Andhra Pradesh and Gujarat, received praise for making business easier for companies. The state is getting ready for a Global Investors Meet on February 21-22 in Kochi, where they expect many foreign investors from Europe, the Middle East, and Japan.
Kerala is known for its great health and education systems, and now it wants to grow industries that care for the environment. They are focusing on 22 key areas for investment, like technology and medical devices, without damaging nature. Rajeeve said, “We only want businesses that fit with our beautiful landscape and won’t take up too much land.”
The government is working hard to create jobs for young people and make it easy for investors to set up their businesses. They have changed many laws to speed things up and hope to see great results soon.
“We’re only signing agreements that make sense. We want 60% of our deals to become real investments, not just signed papers,” Rajeeve added. He believes the Kochi event will bring in investment deals worth over ₹1 lakh crore.
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