130. Investment Policies and Incentives

The Government of Kerala has designed a package of policy measures and incentives, which seeks to make Kerala one of the most attractive investment destinations in the country. These policy documents provide numerous opportunities for the investors by creating a favourable business climate in the State.

They broadly aim to fully utilise the available resources; create the gainful employment; improve the quality of life of the people and thus promote the overall development of the State. However, the initiatives of making such policy announcements vary from one sector of the economy to the another.

The major being, the Industrial Policy, which aims to accelerate the industrial growth in the State by attracting a steady stream of investment into the industry, infrastructure and core strength sectors. The policy also aims to implement a number of constructive changes to increase the efficiency of the thrust sectors; small scale industrial units; medium and large scale industries and the traditional industries.

The objectives of the policy are to:- Enhance and sustain the industrial growth rate as well as generate higher employment in the industry; Create an investment friendly climate and facilitate measures for maximising global and local investment into the industry.