Recent Developments in Key Sectors

• Prime Minister Mr. Narendra Modi laid the foundation and dedicated to the state several projects of the Kochi Metro and Indian Railways totaling Rs. 4,500 crore (US$ 552.69 million) in September 2022.
• In May 2023, during an investors meet, 24 of the 121 investors forwarded their letters of interest for an investment of Rs. 381.75 crore (US$ 46.6 million) in various sectors of the Kattakada constituency of Kerala.
• In FY22, the total marine products exports from Kerala accounted for US$ 678.33 million, which was 15% of the total exports.
• In FY23, the state’s passenger traffic stood at 8,812,531 at Cochin airport and 3,478,067 at Thiruvananthapuram airport.
• Union Railway Minister Mr. Ashwini Vaishnaw, in April 2023, informed that 34 railway stations in Kerala would soon be upgraded to world-class standards.
• Cargo traffic handled by the Cochin port stood at 35,255 thousand tonnes in FY23.
• A training on Smart Farming using e-crop was inaugurated by Mr. P.Prasad, State Minister for Agriculture Development and Farmers Welfare, on 16th June, 2022 at ICAR – CTCRI, Thiruvananthapuram by launching the e-crop based smart fertigation facility.
• As per the State Budget 2023-24, the government has allocated funds worth Rs. 7,853 crore (US$ 958.1 million) for agriculture and allied activities.
• In 2021-22, the total production of horticulture crops in the state was expected to be 6,160.28 thousand metric tonnes and area under production was 1,483.03 thousand hectares. In 2021-22, the total production of vegetables and fruits were estimated at 544.95 thousand metric tonnes and 1,939.452 thousand metric tonnes, respectively.
• As of July 2022, Kerala has 25 total notified SEZs. The state has a techno park in Thiruvananthapuram which has been instrumental in attracting global electronics manufacturers, an info park in Kochi, and a cyberpark in Kozhikode.
• In 2019-20, tea production in Kerala stood at 59.26 million kgs. Tea export from the state stood at US$ 75.65 million during 2020-21 (until January 2021).
• The state has a techno park in Thiruvananthapuram, which has been instrumental in attracting global electronics manufacturers, and has an info park in Kochi and a cyber-park in Kozhikode.
• In December 2020, Kerala Government announced that development projects worth Rs. 10,000 crore (US$ 1.36 billion) will either be completed or launched in the state in the next 100 days. Of these, a total of 5,526 projects will be completed or inaugurated, amounting to Rs. 5700 crore (US$ 774.89 million), and 646 projects worth Rs. 4,300 crore (US$ 584.57 million) will be launched.

NOTE: * - As per 3rd Advance Estimates