India’s first: Kerala to announce entrepreneurship index

Kochi / July 29, 2024

Kochi, July 29: Kerala will announce an entrepreneurship index to reveal the status of industries and investment potential in all its 14 districts, Minister for Industries, Law and Coir Shri P. Rajeeve said today, revealing that it would be a pioneering effort by any state in the country.

The proposed move will bring about rankings based on investment in all districts of the state, he told a ‘Conclave on Continuing Investments’, organized here by Kerala State Industrial Development Corporation and Department of Industries & Commerce.

Based on the investor-friendly pointers, the index will throw light on which district leads in what sector and the job opportunities they provide, the minister told a gathering of 282 investors at Le Meridien. “We have modelled this on the health index of our state,” he added.

Pointing out that Kerala has the lowest rate of industry failures in the country, Shri Rajeeve said the figure in the state stood at 15 per cent, which was half of the national average. The upcoming entrepreneurship index will reveal at one glance the kind of industries that will suit the districts.

“The next two years will be of investments,” he said. “To ensure its success, we will organize investment events from the panchayat level in September and October. They will reveal not just the investment potential of each regions, but the outlook of the authorities towards industry.”

Principal Secretary (Industries) Shri A.P.M. Mohammed Hanish presided over the opening session of the meet comprising delegates who had invested no less than Rs 5 crore in the last three years, bringing the total close to Rs 12,000 crores from within the state.

ENDS