Kerala to Finalize Key Policies Before 2025 Investors Meet

13 Aug 2024 CW Team

In a significant move to boost investment, Kerala's Industry Minister P Rajeeve announced that the state government is set to approve the draft export policy and logistic policy within the next two weeks. These approvals are part of a broader strategy to attract more investors to the state.

Rajeeve revealed that the state will host a Global Investors' Meet (GIM) in Kochi in January 2025. In preparation, the government plans to approve a series of key policies, including those related to Goods and Services Tax (GST), Global Capability Centres, high-tech manufacturing, and Artificial Intelligence (AI). The electric vehicle (EV) sector, highlighted as a priority, is expected to draw significant investments through these initiatives.

To showcase Kerala's investment potential, the government will organize roadshows in major cities, including Chennai, Mumbai, Bengaluru, Doha, and Dubai. Rajeeve noted the success of a recent entrepreneurs' meeting in Chennai, where several major firms expressed interest in investing in the state. He emphasized that the GIM in 2025 would serve as a crucial platform for companies looking to establish a presence in Kerala.

The state is also considering the development of manufacturing clusters and logistics parks in Vizhinjam as part of its investment attraction efforts. Additionally, the minister announced that the Kalamassery Agricultural Festival would take place from September 7 to 13 this year, with various events planned, including a Young Farmers' Meet on August 11 and a cooperative meet on August 13, attended by prominent state ministers.

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