Kerala Drives Growth With Tourism, IT, MSMEs And Green Energy

22 Sep 2025 CW Team

Releasing the report on Investment, Growth & Development between 2021-22 to 2024-25 in Progressive Kerala, Council chairman Dr D. S. Rawat said that during the period, Kerala attracted new investment projects worth Rs 709 billion.

Projects worth Rs 237 billion were completed, Rs 108 billion worth revived, while projects valued at Rs 3,037 billion were under implementation at various stages. The data was sourced from the Centre for Monitoring of Indian Economy (CMIE).

The study highlighted Kerala’s steady growth across key sectors, reaffirming its position as India’s most socially advanced state. With a focus on human development, sustainability, and inclusive policies, Kerala has been balancing economic expansion with social welfare.

The state recorded notable progress in IT, tourism, healthcare, education, and MSMEs, while new opportunities are emerging in green energy, start-ups, and the knowledge economy.

In FY 2024-25, newly announced projects were valued at Rs 115 billion, completed projects at Rs 29 billion, and revived projects at Rs 8.6 billion. Of this, the private sector accounted for Rs 81 billion in new projects, Rs 6.7 billion in completions, and Rs 4.3 billion in revivals.

Dr Rawat stressed the need for a high-powered committee to resolve hurdles facing ongoing projects to ensure timely completion and avoid cost escalations.

Tourism has rebounded strongly post-pandemic, with over 22 million domestic and foreign visitors reported in 2024, contributing 10-12 per cent to state GDP and generating direct and indirect jobs for about 24 per cent of the workforce, or 1.5 million people.

The MSME sector has grown rapidly, with over 240,000 new enterprises set up in the past two years, attracting Rs 150 billion in investment and creating 220,000 jobs.

However, many MSMEs face challenges due to limited access to affordable credit, gaps in government scheme implementation, and concentration in retail and services rather than high-value manufacturing. The study recommends promoting manufacturing MSMEs, improving marketing support, enhancing export orientation, and driving technology adoption.

Kerala is accelerating growth with strong strides in tourism, information technology, micro, small and medium enterprises (MSMEs), and green energy, reaffirming its path towards a progressive and knowledge-driven economy, according to a study by the MSME Export Promotion Council.Releasing the report on Investment, Growth & Development between 2021-22 to 2024-25 in Progressive Kerala, Council chairman Dr D. S. Rawat said that during the period, Kerala attracted new investment projects worth Rs 709 billion.Projects worth Rs 237 billion were completed, Rs 108 billion worth revived, while projects valued at Rs 3,037 billion were under implementation at various stages. The data was sourced from the Centre for Monitoring of Indian Economy (CMIE).The study highlighted Kerala’s steady growth across key sectors, reaffirming its position as India’s most socially advanced state. With a focus on human development, sustainability, and inclusive policies, Kerala has been balancing economic expansion with social welfare.The state recorded notable progress in IT, tourism, healthcare, education, and MSMEs, while new opportunities are emerging in green energy, start-ups, and the knowledge economy.In FY 2024-25, newly announced projects were valued at Rs 115 billion, completed projects at Rs 29 billion, and revived projects at Rs 8.6 billion. Of this, the private sector accounted for Rs 81 billion in new projects, Rs 6.7 billion in completions, and Rs 4.3 billion in revivals.Dr Rawat stressed the need for a high-powered committee to resolve hurdles facing ongoing projects to ensure timely completion and avoid cost escalations.Tourism has rebounded strongly post-pandemic, with over 22 million domestic and foreign visitors reported in 2024, contributing 10-12 per cent to state GDP and generating direct and indirect jobs for about 24 per cent of the workforce, or 1.5 million people.The MSME sector has grown rapidly, with over 240,000 new enterprises set up in the past two years, attracting Rs 150 billion in investment and creating 220,000 jobs.However, many MSMEs face challenges due to limited access to affordable credit, gaps in government scheme implementation, and concentration in retail and services rather than high-value manufacturing. The study recommends promoting manufacturing MSMEs, improving marketing support, enhancing export orientation, and driving technology adoption.

Infrastructure Urban

02 Jun 2026

VECV Sales Rise 7.8 Per Cent In May 2026

VE Commercial Vehicles recorded sales of 7,978 units in May 2026, compared to 7,401 units in May 2025, registering growth of 7.8 per cent. This included 7,789 units from the Eicher brand and 189 units from the Volvo brand.Eicher branded trucks and buses reported sales of 7,789 units during the month, up 7.3 per cent from 7,258 units a year earlier. In the domestic commercial vehicle market, Eicher sales rose 9.1 per cent to 7,375 units from 6,758 units in May 2025.Exports declined 17.2 per cent to 414 units from 500 units in the corresponding month last year. Volvo Trucks and Volvo Buses recor..

Infrastructure Urban

02 Jun 2026

Table Space Strengthens DESYN Leadership Team

Table Space has announced strategic leadership appointments within DESYN, its integrated Design and Build business, as it looks to strengthen operations across key enterprise and GCC markets in India. DESYN was launched as a strategic extension of Table Space’s workspace solutions portfolio to meet rising demand for agile, high-quality and rapidly deployable enterprise workspaces.Shruti Ookabhoy has joined DESYN as Executive Director and will lead the Design vertical, focusing on design capability, operational excellence and team development across markets. She brings over 22 years of experi..

Infrastructure Transport

02 Jun 2026

Concord Associate Bags Rs 2.79 Bn Kavach Order

Concord Control Systems said its associate company, Progota India, has received a Rs 2.79 bn domestic order from Indian Railways for the supply, installation, testing and commissioning of on-board Kavach 4.0 loco equipment.The order is scheduled for execution within 12 months and strengthens Concord’s role in India’s railway safety and signalling ecosystem. Kavach is India’s indigenous automatic train protection system, designed to improve operational safety by helping prevent signal passing at danger and reducing collision risks.Gaurav Lath, Joint Managing Director, Concord Control Syst..