| Log in

Kerala government changing industrial policy to promote startups in the state

By PTI
10 September, 2014

With plans to turn Kerala into an entrepreneur driven state, the state government is mulling making certain changes in its industrial policy to provide the right environment to spur the growth of startups.

“We need to make changes in our Industrial policy. There will be small changes. The draft is in the final stages and will come up before the cabinet soon”, Industries and IT minister P K Kunhalikutty told reporters here while giving details of the Young Entrepreneurs Summit (YES), a first of its kind initiative in the country, being held at nearby Angamally on September 12.

The government would promote enterprises which are environment friendly, which require less land and provide employment to a large number of persons, he said.

Pointing out that Kerala was the second state after Karnataka in entrepreneurship, the minister said the state was aiming to to add another 500 startups by 2016 to touch 1000.

After the ‘Emerging Kerala’ initiative of the state government in 2012, the state has witnessed big success in certain sectors which are driven by youth, he said.

The summit will have seven sessions spanning from agriculture and Food Processing, tourism, business Innovation and green technology, healthcare and life sciences,electronics and digital media, Additional chief secretary and Managing Director of Kerala State Industrial Development Corporation (KSIDC), Aruna Sundararajan, said.

Over 2500 aspiring entrepreneurs, successful entrepreneurs, innovators and young prospective investors from various educational institutions are expected to attend the summit.

Kerala Chief Minister Oommen Chandy will address the gathering in the evening sessions titled ‘Inspiring Young Minds’.


Leave Your Comment
Kerala government launches $1.6M angel fund to support home-grown innovation

Kerala government launches $1.6M angel fund to support home-grown innovation

Nikita Peer 3 years ago
The government of Kerala is rolling out a $1.6 million (Rs 10 crore) angel fund...
TiE Kerala setting up angel-cum-seed fund to 'lend' to startups

TiE Kerala setting up angel-cum-seed fund to ‘lend’ to startups

Sainul K Abudheen 5 years ago
The Kerala chapter of TiE (The Indus Entrepreneurs) is planning to come up with...
Karl Marx, who? It's Jack Dorsey & Steve Jobs inspiring Kerala StartUp Village

Karl Marx, who? It’s Jack Dorsey & Steve Jobs inspiring Kerala StartUp Village

Sainul K Abudheen 1 year ago
A couple of years ago, the Kerala Government set up a biotech incubator on the...
No Comments

Kerala government changing industrial policy to promote startups in the state

Powered by WordPress.com VIP