Kerala, a state located in the southwestern part of India, is one of the most important business hubs in the country. It is home to a diverse range of industries, including tourism, IT, and agriculture. Recently, Kerala has witnessed a surge in new business ventures and startups, making it an attractive destination for aspiring entrepreneurs. In this article, we will explore the latest Kerala business news for entrepreneurs.
Tourism Sector
Kerala’s tourism sector is one of the major contributors to the state’s economy. The industry has been badly affected by the COVID-19 pandemic, but it is slowly recovering. The latest news in the sector is that the state government has launched a new initiative called “Tourism Employment Support Scheme” (TESS). The scheme aims to provide financial assistance to small and medium-sized tourism enterprises that have been affected by the pandemic.
IT Sector
Kerala’s IT sector has been on the rise over the past few years. The state is rapidly becoming a hub for startups in the IT sector. The latest news in the sector is that Kerala Startup Mission (KSUM) has signed a Memorandum of Understanding (MOU) with T-Hub, a startup incubator based in Hyderabad. The MOU aims to promote innovation and entrepreneurship in the IT sector in both states.
Agriculture Sector
Agriculture is a major sector in Kerala’s economy, contributing to around 10% of the state’s GDP. The latest news in the sector is that the state government has launched a new initiative called “Vegetable Initiative for Urban Clusters” (VIUC). The initiative aims to provide safe and healthy vegetables to urban consumers while also increasing the income of farmers.
Startup Sector
Kerala’s startup sector has been growing rapidly over the past few years. The latest news in the sector is the launch of a new initiative called “Seeding Kerala”. The initiative aims to provide financial and technical support to startups in the state. The initiative is a joint effort by Kerala Startup Mission and LetsVenture, a funding platform for startups.
Conclusion
Kerala is witnessing a surge in new business ventures and startups, making it an attractive destination for aspiring entrepreneurs. The state government has launched various initiatives to promote entrepreneurship in different sectors. The tourism, IT, agriculture, and startup sectors are some of the key areas that are witnessing significant growth. The latest Kerala business news for entrepreneurs is promising and suggests a bright future for the state’s economy.
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