Tremendous growth for start-ups in Kerala: Vijayan

Chief Minister of Kerala Pinarayi Vijayan

Web desk 06/06/2020

The Left Democratic Front Government has been working with focus on policies for empowering the youth in the state and utilising their skills for the advancement of Kerala.
“As part of that, the start-up sector is looking to grow. As a result of these efforts, there has been a big jump in the start-up sector in Kerala. We have been able to launch a number of start-up that have gained international attention,” Kerala Chief Minister Pinarayi Vijayan has said.
In four years, the number of start-ups has increased from 300 to 2,200. Investment in the start-up sector has also increased. While the investments brought by start-ups during 2011-16 was Rs.207 crore, in the last four years alone, start-ups have invested Rs.1,200 crore. During the period under this government, the corpus fund was raised Rs.739 crore for start-ups and it was zero during 2011-16.
“In 2016-20, we were able to provide support for more than 300 new start-up ideas. During the time of the previous government, only 20 ideas were supported. While 130 startups received international support, only 15 firms received such assistance during 2011-16.
The number of incubators also increased from 18 to 42. In the past, the government supported 80 IEDC (The Innovation and Entrepreneurship Development Centers), but this time there are 226 IEDCs functioning with government support,” the Chief Minister said.
It was also during this period that the Integrated Startup Complex was launched in Kochi and International Fab Labs were started in the State. “The growth of this sector was also a reflection of the fact that we have topped the international rankings of start-ups,” Mr Vijayan said.

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mani says:

June 16, 2020 at 2:02 pm

Sir,
The success of establishment an industry is always depend upon the availability resources. Our main resources is manpower, skilled manpower have requirement all over the world. But the quality of our manpower is very poor, because our education system is just informative. Our universities doesn’t have any job training facilities. Industries required experienced people, hence our graduates are always forced take job as apprentice or helper and continuing in that position for 3 to 5 years with very low salary. This is not only loss for the people but also for the nation.
According to me, following industries are suitable for the development of Kerala:
1) Learning and Development – Make Kerala as an education hub for the world.
2) Health tourism - Both Herbal + English Medicine
3) Fishery farms
4) Dairy farms
5) Crafts and arts