Kerala is gearing up for the “Invest Kerala Global Summit” (IGIS) and state industries minister P Rajeev shared exciting updates. The summit is different this year because it follows 50 events where discussions were held with investors across all districts. They listened to what investors wanted and made necessary changes to the rules to encourage businesses to come to Kerala.
This year, Kerala’s motto is “nature, people, industry,” emphasizing responsible investments in 22 important sectors. They held special events focusing on technology like AI, robotics, and smart farming, and traveled to cities like Mumbai, Bengaluru, Chennai, and even Dubai to promote Kerala as an investment destination.
Unlike previous years, where investment promises were often unrealistic, this time they aim for more realistic goals with clearer plans. Rajeev highlighted that Kerala has improved its position in the ease of doing business, now ranking number one, a significant shift from 28th place before.
Regarding the Vizhinjam port, which is a key project, Rajeev believes it will attract many investors. The port is located close to major international shipping routes and does not require much digging, making it an attractive option for shipping companies.
He also mentioned other developments like the Palakkad industrial smart city, which is part of a major project to connect Kochi and Bengaluru. The government is welcoming investments in tech sectors instead of traditional manufacturing which can harm the environment.
Rajeev recently attended the World Economic Forum in Davos to meet potential investors and showcase Kerala’s projects, including the Green Hydrogen Valley.
Despite political differences, the opposition parties are also planning to attend the summit, showing a united front for the state’s growth. Rajeev believes Kerala is evolving and will soon stand out as a top destination for industries focused on technology and sustainability.
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