Kerala's 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's traditional industries include handloom, cashew, coir and handicrafts.
The state has 29 special economic zones (SEZs) with formal approvals and 24 notified SEZs. A cyber-park, spread over a 68-acre campus, is being developed in Kozhikode.
The following are some of the major initiatives taken by the government to promote Kerala as an investment destination:
- The National Coir Research & Management Institute (NCRMI), a state government organisation, is following up on a potential deal with Saudi Aramco for a new technology that can help cultivate crops in saline and arid conditions.
- The Department of Coir Development, Government of Kerala, organised the world's largest expo on Kerala coir and natural fibre products, Coir Kerala 2013, during 1-5 February, 2013 in Alappuzha.
- The electronic hub proposed at Kochi is a prestigious project of the Government of Kerala to promote electronic hardware manufacturing and assembling units and research and development (R&D) centres, and to support infrastructure for the same.
- The State Tourism Department is developing eco-friendly, rural tourism packages in Kumarakom, Wayanad, Kovalam and Muziris heritage circuit.