Latest update: February, 2016
Kerala is known as God’s own country. It is one of the few states to have marketed its natural beauty successfully to the leisure tourism sector. The state’s unique heritage and cultural diversity have helped attract tourists from the world over. Its strategic location on the trans-national trade corridor, rich natural resources, and simple and transparent procedures make the state favourably suited for investments in major sectors such as tourism, IT/ITeS, manufacturing and mining.
Kerala holds second rank in the Investment Climate Index followed by Karnataka, as per a policy research working paper by the World Bank. The state stands second due to its world-class infrastructure and well-trained human resource pool Kerala's traditional industries include handloom, cashew, coir and handicrafts.
Kerala is a leading agricultural state in the country and the largest producer of rubber, pepper, coconut and coir. It has the first international transshipment terminal in India, having a design capacity of around 4 million TEUs and providing better connectivity between Kerala and other ports in India.
Between 2004-05 and 2014-15, Gross State Domestic Product (GSDP) expanded at a Compound Annual Growth Rate (CAGR) of 9.9 per cent to US$ 68.5 billion whereas the Net State Domestic Product (NSDP) expanded at a CAGR of 9.84 per cent to US$ 59.84 billion.
The state has 32 special economic zones (SEZs) with formal approvals and 25 notified SEZs. A cyber-park, spread over a 68-acre campus, is being developed in Kozhikode. Kerala has been promoting knowledge-based industries such as IT/ITeS, computer hardware and biotechnology. It is the first state having a technology park with CMMI level 4 quality certification and a world-class IT campus in Thiruvananthapuram.
The following are some of the major initiatives taken by the government to promote Kerala as an investment destination:
Download (Size: 1.66 MB )