The Invest Kerala Global Summit, organized by the Kerala State Industrial Development Corp (KSIDC), witnessed a huge influx of investments with 375 firms signing Expressions of Interests (EoIs) worth ₹1,52,905.67 crore at the event. The summit, held under the aegis of the Department of Industry and Commerce, Government of Kerala, also announced major developments such as an integrated aquapark, expansion of IT companies, and a proposed water metro project in 18 cities across India. The success of the summit highlighted the state's potential for business and its collaborative approach with the central government.
Background
The Invest Kerala Global Summit is an annual event organized by the Kerala State Industrial Development Corporation (KSIDC) to attract investments and showcase the state's economic potential. Held under the aegis of the Department of Industry and Commerce, Government of Kerala, the summit brings together government officials, industry leaders, and potential investors from around the world.
2023 Summit
The 2023 edition of the Invest Kerala Global Summit, held from September 15-18, witnessed a record-breaking influx of investments. A total of 375 firms signed Expressions of Interests (EoIs) worth a staggering ₹1,52,905.67 crore. The summit showcased major developments, including:
The success of the summit highlighted Kerala's potential as a business hub and its collaborative approach with the central government.
Top 5 FAQs
1. What is the purpose of the Invest Kerala Global Summit? To attract investments, showcase economic potential, and promote business opportunities in Kerala.
2. Who organizes the summit? Kerala State Industrial Development Corporation (KSIDC)
3. What are some key sectors targeted by the summit? Information technology, manufacturing, tourism, pharmaceuticals, and agriculture
4. What are the benefits of investing in Kerala? Favorable investment policies, skilled workforce, excellent infrastructure, and a supportive business environment.
5. What were some of the major investments announced at the 2023 summit? Integrated aquapark, IT company expansions, water metro project
Conclusion
The Invest Kerala Global Summit has emerged as a significant platform for attracting investment and driving economic growth in Kerala. By showcasing the state's potential and fostering partnerships with industry leaders, the summit has played a crucial role in shaping Kerala's trajectory towards becoming a thriving business destination.
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