Kerala plans ‘Mission 10000’ to scale up nano enterprises

Kerala Government has planned to launch a project, "Mission 10000", which aims to scale up 10,000 nano enterprises which could generate an average turnover of Rs 1 crore each with a net turnover of Rs 1 lakh crore.

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This initiative, based on the studies conducted by IIM Indore and the Centre for Management Development (CMD), Thiruvananthapuram, will strengthen the industrial sector's economic dynamics, besides generating more employment opportunities, Minister for Industries, Coir and Law P Rajeeve has said.

The new industrial policy of the Kerala government has significantly transformed the state's entrepreneurial landscape and sharply increased job opportunities, enabling youth to settle in the state itself.

“In the backdrop of the geopolitical tensions, we are already experiencing a rise in reverse migration, and the state government is committed to promoting an industryfriendly ecosystem that generates employment and supports economic growth that will help the youth to settle in the state itself," he said.

Listing out the strides made by Kerala’s industrial sector, Rajeeve said around 3.5 lakh new MSMEs were registered through Udyam registration in the last four years with an estimated investment of around Rs. 23,000 crores, generating 7.25 lakh employment opportunities.

“We are focusing more on knowledge-based industries by leveraging the state’s highly skilled and readily available talent pool,” the minister added.