Govt will ensure realisation of proposals at Invest Kerala Summit: Minister Rajeeve
Kochi / February 15, 2025
Kochi, Feb 15:The state government will ensure that the business proposals presented at the Invest Kerala Global Summit (IKGS2025), to be held in Kochi on February 21and 22,are converted into actual projects, Industries Minister Shri P Rajeeve said today.
Also, authorities will make public the details regarding various stages of completion of projects yielded by the conclave, the Minister told during a media interaction organized by Kerala State Industrial Development Corporation (KSIDC) ahead of IKGS.
The summit has set an ambitious target of generating maximum investments in key sectors, especially those prioritized inthe government’s New Industrial Policy.
Projecting Kerala’s potential to become the centre of the country's knowledge economy, the Minister highlighted the state’s rich pool of human resources with the skills and competencies that can boost ways towards achieving the goal.
“We are becoming a software development centre for global IT companies,” he pointed out. “A global centrefor automobile software technology is coming up in Thiruvananthapuram, facilitating global automotive companiessuch as Nissan and BMW to establish a foothold,” Shri Rajeeve said.
Also, multinational behemoth IBM's key global Center of Excellence in Generative AI is located at Kochi Infopark.
“We are starting campus industrial parks to identify talent from campuses and provide skills as well as vocational training to students. Initially, ten companies are ready for announcement. In addition, 31 private industrial parks have been approved,” the Minister said.
Kerala has already emerged as a major hub for medical devices and allied industries. “The state accounts for 24 percent of the country's total medical devices turnover and more than 12 per cent of the world's blood-bag production,” he noted,adding that Kerala is home to the world's top four companies from among the global spice value-added producers.
As part of the ongoing Year of Entrepreneurs initiative, Kerala has raised an investment of Rs 22,104.42 crore. This huge amounthas been raised from the state's domestic investment capacity, prompting the government to consider a long-term future use of this model, the Minister added.
Principal Secretary(Industries& Commerce)Shri A.P.M. Mohammed Hanish made a presentation, while chairing the meet.
Also present were KSIDC Chairman Shri C Balagopal, Managing Director Shri S Harikishore, Executive Director Hari Krishnan R, Invest Kerala Officer on Special Duty Shri VishnurajP and KINFRA MD Shri Santosh Koshy Thomas.
The two-day IKGS, to be held at Lulu Bolgatty International Convention Centre here, is being organised by the KSIDC on behalf of the Department of Industries & Commerce.
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