40 lakh jobs, Rs 10k-crore investment in 4 years

Kerala project to bring about remarkable progress in job sector.

Setting an ambitious target in the industrial sector of the state, the Kerala government aims at the creation of around 40 lakh jobs in the state, besides attracting Rs 10,000 crore worth of investment, in a period of four years.  The state department of industries has launched a project in this bid and will give shape to 100,000 Micro, Small and Medium Enterprises (MSMEs) across the state in the next one year.

Chief Minister Pinarayi Vijayan said that Kerala already has an investment-friendly ecosystem and infrastructure facilities, adding that the government is committed to further reinforce these factors and transform it into a state where development models are fulfilled without any hurdle. 

The scheme for MSMEs will be implemented by the Department of Industries in collaboration with other departments and agencies during 2022-23, which will be observed as ‘Entrepreneurship Year’.

Jab opportunities to be a priority area

Around Rs 120 crore has been allotted for the implementation for the MSME project, which bears the motto My Venture, Pride of My Country. The government aims to create 3 lakh-5 lakh job opportunities through this project. Besides, the state will look at becoming a knowledge community and jobs for qualified youngsters should be created in the state itself.  One of the major visions of the project is to give a fillip to the industrial progress of the state, the Chief Minister said.

According to P Rajeev, Minister for Industries, the government has made extensive preparation for the implementation of the MSME project. The activities of the project are not confined to the department or official-level. Central and State enterprises, research institutes, industry bodies and trade unions will need to take this as a collective responsibility, he pointed out.

Remarkable progress in job sector foreseen

The new way forward in the industrial scenario of Kerala will also ride on the government-initiated project which is expected to bring about a holistic change in Kerala society and remarkable progress in job sector.

As the first phase of initiating the mega project, one-day workshops will be conducted at all local self-government institutions (LSGs) in April and May, to create awareness among aspiring entrepreneurs.

This will be followed by licence/loan/subsidy fairs that will be conducted at the LSG-level for those who are willing to start their businesses.  The scheme aims to achieve the target of 100,000 MSMEs between the period April 1, 2022 and March 31, 2023.

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