INVESTMENTS UP TO RS. 10 CR. NOW NEED NOT WAIT IN KERALA

Launching the upgraded K-SWIFT portal, the Minister said the Government has been taking all possible steps to improve ‘Ease of Doing Business’

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As part of Kerala Govern-ment’s initiatives to en-hance Ease of Doing Business environment, its widely-hailed web-based platform, Kerala Single Window Interface for Fast and Transparent Clearance (K-SWIFT), has been modified to facilitate immediate clearance for investment proposals up to Rs. 10 crore.

Launching the upgraded KSWIFT portal in Thiruvananthapuram recently, E P Jayarajan, Minister for Industries, said the State Government has been taking many earnest and proactive steps to improve the Ease of Doing Business environment in the State. The modified K-SWIFT platform is a decisive step in that direction.

“The live website will be a boon for entrepreneurs. There are 1,38,000 Micro, Small and Medium Enterprises (MSME) in Kerala and around 52,000 of them were set up after this government came to power. An investment of Rs. 4500 crore has come to this sector during this period,” Jayarajan said.

He noted that Food Processing; Furniture Cluster; Steel Manufacturing, Tourism, Hospitality and Travel have been identified as the top five MSME sectors in the State.