Kochi, Kerala Industries Minister P Rajeeve on Friday said the state government is giving priority to industries that depend on knowledge and innovation to create jobs for the youth and attract investments. He highlighted the importance of continuing to advance technological initiatives.
The minister spoke at a roundtable on "Government Initiatives for Investment Promotion" in the country's first International Generative Artificial Intelligence (GenAI). The flagship event on July 11 and 12 is organized by the Kerala State Industrial Development Corporation (KSIDC) in collaboration with IBM.
Noting that the government is trying to transform the state into a knowledge society and economy, Rajeeve said the government initiatives aim to transform Kerala into an investment-friendly state by attracting investments from all sectors.
"The Industrial Policy 2023 was adopted recognizing the advantages and limitations of the State. Our main strength is human resources trained in IT and the Industrial Policy has identified 22 priority sectors such as AI, Blockchain, machine learning, Big Data analysis, robotics, tourism and logistics," he said.
The minister said the government has taken innovative steps to attract investments by implementing initiatives such as streamlining and simplifying the licensing process for entrepreneurs through K-SWIFT, an online single-window clearance mechanism.
He further said that in eight months the state government has granted 22 permits for the establishment of private industrial parks, which he termed as a great achievement.
Rajeeve highlighted campus industrial parks in universities and provision of grace qualifications to students as novel initiatives of the government to strengthen the startup ecosystem.
P M Mohammed Hanish, Principal Secretary (Industries), who gave a detailed presentation on Kerala's AI ecosystem, said the Industries Department is promoting AI-enabled solutions in key sectors, besides establishing AI enablement centers to support SME.
"The government has taken a very investment-friendly approach. The seven pillars of Industrial Policy 2023 are entrepreneurship, infrastructure, high-tech transition, skills development, brand value, business environment and sectoral industrialization," he stated.
Noting that a skilled and future-ready workforce is one of the strengths of Kerala, which has industry-academia collaboration as a unique model, he said a strong startup ecosystem, women empowerment, skills in healthcare and a large diaspora guarantee the state's future skilled workforce. .
Hanish said that based on the aspects of creating best-in-class infrastructure and responsible investment agenda, various incentives have been given to industries, with a focus on high-tech and sustainable sectors.
Presenting him, Rathan U Kelkar, Secretary, Electronics and IT, said that as a future strategy, Kerala will contribute to 10 per cent of India's electronics and IT industry in the next five years. Furthermore, the UN Sustainable Development Goals (SDGs) can be achieved through digital technologies.
Commenting on Bio-IT, he said the Kerala Genome Data Center (KGDC) would be the repository of all genetic data of Kerala and is expected to be the backbone connecting over 125 life sciences institutions in the state. Additionally, a high-capacity AI-powered data center is being set up at the Kerala Digital University.
The minister spoke at a roundtable on "Government Initiatives for Investment Promotion" in the country's first International Generative Artificial Intelligence (GenAI). The flagship event on July 11 and 12 is organized by the Kerala State Industrial Development Corporation (KSIDC) in collaboration with IBM.
Noting that the government is trying to transform the state into a knowledge society and economy, Rajeeve said the government initiatives aim to transform Kerala into an investment-friendly state by attracting investments from all sectors.
"The Industrial Policy 2023 was adopted recognizing the advantages and limitations of the State. Our main strength is human resources trained in IT and the Industrial Policy has identified 22 priority sectors such as AI, Blockchain, machine learning, Big Data analysis, robotics, tourism and logistics," he said.
The minister said the government has taken innovative steps to attract investments by implementing initiatives such as streamlining and simplifying the licensing process for entrepreneurs through K-SWIFT, an online single-window clearance mechanism.
He further said that in eight months the state government has granted 22 permits for the establishment of private industrial parks, which he termed as a great achievement.
Rajeeve highlighted campus industrial parks in universities and provision of grace qualifications to students as novel initiatives of the government to strengthen the startup ecosystem.
P M Mohammed Hanish, Principal Secretary (Industries), who gave a detailed presentation on Kerala's AI ecosystem, said the Industries Department is promoting AI-enabled solutions in key sectors, besides establishing AI enablement centers to support SME.
"The government has taken a very investment-friendly approach. The seven pillars of Industrial Policy 2023 are entrepreneurship, infrastructure, high-tech transition, skills development, brand value, business environment and sectoral industrialization," he stated.
Noting that a skilled and future-ready workforce is one of the strengths of Kerala, which has industry-academia collaboration as a unique model, he said a strong startup ecosystem, women empowerment, skills in healthcare and a large diaspora guarantee the state's future skilled workforce. .
Hanish said that based on the aspects of creating best-in-class infrastructure and responsible investment agenda, various incentives have been given to industries, with a focus on high-tech and sustainable sectors.
Presenting him, Rathan U Kelkar, Secretary, Electronics and IT, said that as a future strategy, Kerala will contribute to 10 per cent of India's electronics and IT industry in the next five years. Furthermore, the UN Sustainable Development Goals (SDGs) can be achieved through digital technologies.
Commenting on Bio-IT, he said the Kerala Genome Data Center (KGDC) would be the repository of all genetic data of Kerala and is expected to be the backbone connecting over 125 life sciences institutions in the state. Additionally, a high-capacity AI-powered data center is being set up at the Kerala Digital University.
