The Key Investment Zones in Kerala With Immense Potential – Part I
Once the centre for trade in Asia, Kerala has come a long way in terms of business landmark, investment potentials , excellent law & order situation, unparalleled infrastructure, well-trained human resource pool, and rich natural resource maintained in a sustainable manner. The Industry atmosphere in Kerala has resulted it in being one of the preferred destinations for studying the market reach and trends in the Indian landmass, on many fronts. In this scenario, KSIDC aims to convert Kerala into a favoured destination for manufacturing, agro processing, health services, knowledge-based industries and services.
For accelerating the industrial development and balanced regional development, the government has adopted an integrated approach to develop industrial & supportive infrastructure in the State through creation of more number of Industrial Parks/Industrial Townships/Industrial Corridors/Special Economic Zones.
The major key investment zones are:
Opportunities lie with Resorts, Convention Centers, Hotels, Houseboats, Ecotourism etc.
2. Information Technology
Opportunities in IT sector lie with -
- Software development
- Back office operations
- Server farms
- Training for IT professionals
Thrust areas in education on Kerala starts from pre-school to post-graduation. Engineering, medical and allied sciences, management, food technology, communication and media, animation and fashion design are areas in which specialised skill sets are required.
4. Health Care Service
India is betting big on health tourism and Kerala is best suited to play an anchor. Great international connectivity, healthy climate, availability of highly skilled personnel with international experience, and great getaways make Kerala the anchor location for health tourism ventures. The development of Ayurveda as a reliable branch of alternative medicine is another unique advantage for Kerala.
- General and speciality hospitals
- Dental tourism
5. Food & Agro Processing
Opportunities in Food Sector lie in
- Sea Food
- Processed Fruits & Vegetables
- Alcoholic Beverages
- Bakery Products
- Cereal preparations and many others
6. Rubber & Agro Based Industry
Opportunities in this sector include -
- Rubber-based industries
7. Ports and Ship Building
Kerala has 17 minor ports, some of which have been in disuse for years. The government, as part of a long-term coastal shipping project, has decided to develop seven of these: Vizhinjam, Kollam, Alappuzha, Kodungallur, Beypore, Ponnani and Azhikkal. The port policy seeks to make Kerala one of the top three maritime States in terms of cargo movement via establishing an efficient and commercially viable water transport system. This will be achieved by carrying out a coordinated development of multi-purpose ports, transshipment hubs, inland waterways, coastal shipping, inland terminals, cargo handling and storage facilities, railways and road linkages.
In the continuing blog post, we’ll be listing the remaining Key Investment Zones in Kerala – Infrastructure Development, Energy, Science & Technology, Water Technology, MSME and Financial Services.
Image Courtesy - Kerala Tourism, CobaltSoul