Best Business Opportunities in Kerala- Identification and Selection of right Project, Thrust areas for Investment, Industry Startup and Entrepreneurship Projects

Kerala, known as the ‘God’s Own country’ is an Indian state in the southwestern coastal region . Kerala is recognized for its natural beauty and high human development and literacy rates. More importantly, Kerala is one of the most developed states in India in terms of talented human resources, high social indicators, tourism, healthcare, and digital readiness. The state’s vibrant market, production hub, and high-consumption base signify the state’s energy and uniqueness. Kerala is remittance dependent and offers a sustainable development model. The Government of Kerala has set the stage with its Vision 2030 and Kerala Industrial and Commercial Policy 2023, which contain high-value industries, digital economy, green infrastructure investments, and support for MSMEs. Thus, Kerala has taken on a new role as the new strategic location for startups and investors.

Reasons to Start Industry in Kerala

  • Strategic Location and Trade Connectivity - Encompassing a coastline of 580 km, Kerala lies close to the international shipping path, which transformed the Middle East, Southeast Asia, and Africa into key export destinations. Additionally, with the Cochin, Vizhinjam, and Beypore ports, the state has direct maritime links to these regions that employ around 291 million persons altogether.
     
  • Highly skilled and educated workforce- The 91% literacy rate in Kerala is one of the highest in India, with a sizable group of proficient professionals knowledgeable in healthcare, IIT technologies, and services writ large. Considering this, such a workforce constitutes a strong pillar for both traditional and knowledge-based business.
     
  • Excellent infrastructure and logistics - Kerala has international airports in Thiruvananthapuram, Kochi, and Kannur, plus most highways lead to the Arabian Sea. As a result, extensive express roads and a rail system handle most of the transportation goods and services, while advanced ports package them for export.
     
  • Government support and ease of doing business- The Kerala State Industrial Development Corporation and the Kerala Industrial Infrastructure Development Corporation put forth single-window topics for consideration, SEZs, and sectoral industrial parks. Meanwhile, the investment facilitators displayed the KSIDC and the KINFRA consistently awarded the state a top ranking for ease of doing business. Green and sustainable policy environment

Availability of Raw Materials and Supporting Factors

  • Marine and Fisheries Resources- Resources such as fish and shrimp living in the ocean and backwaters are of great volume due to the state’s big coastline and beach. Here enterprises arise, carrying out processing and export of seafood, activities in aquaculture.
     
  • Forest and Herbal Resources- Here people get timber, medicine plants, bamboo, which grows in state forests. Furniture, Ayurvedic medicine, herbal cosmetics enterprises appear in Kerala. 

Why Select Industry for Startup in Kerala

To this extent, the data has provided entrepreneurs and investors with some sectors to consider that are highly potential depending on the comparative advantage of Kerala. They include; 

  • Agro-Processing & Food Industry- For example, the processing of coconut, spices, cashew, and marine products, and value-added food manufacturing like pickles, ready-to-eat meals, organic food, and beverages, cold chain logistics for fruits, vegetables, and seafood.
     
  • Tourism & Wellness Industry- For instance, Ayurvedic resorts, Ecologes, Homestays, and digital tourism platforms, medical and wellness tourism combining healthcare and hospitality and cruise tourism and backwater experiences.
     
  • Rubber & Coir-Based Industries like rubber products  gloves, footwear, tyres, mats, coir-based product furniture, ropes, home decor, export-oriented rubber and coir value chains. 

Market Demand

1. Indonesia’s increase in packaged foods, healthcare, digital services, and wellness tourism purchases fueled by increased purchasing power i.e. the country’s growing middle-class population were the countries that purchased more of the products and services in the prior period.

2. Thailand’s extract-based growth including seafood, spiced, and rubber at an export orientation i.e. the country prepared for the post-pandemic upsurge in demand and integration into the international market.

3. Rising demand from various countries for wellness tourism and ecotourism, which could reflect in supplements or expeditions if products are  supplements and cross-border or domestic in the others. 

4. The endorsement of crisis recovery and economic development leads to increased demand for travel. 

5. Growth in domestic demand for eco, bio, and context-based foods and environmentally friendly production lines. Many companies turned to energy obtained from renewable sources.

Government Support and Incentives

The following are offered by the Government of Kerala:

  •  Capital investment subsidies for MSMEs and Start-ups
  •  Tax rebates and exemptions to industries in backward districts
  •  Land and infrastructure support through KINFRA industrial Parks
  •  Interest subsidies and credit link incentives to women and youth entrepreneurs- Ease of doing business reforms, and single window clearance through KSIDC
  •  Export promotion support through Kerala State Industrial Enterprises- KSIE.

To sum up, Kerala is undeniably a synthesis of natural endowments, manpower, policy support, and potential for sustainable development. Be it agro-processing through tourism and wellness to information technology, health care, and renewable energy, investable opportunities in the low-risk state are bound to result in high rewards. Gunning for the future through its industrial policy and infrastructure and grounded on sustainability, Kerala is a venerable among India’s foremost hopefuls concerning the corruption of entrepreneurship and innovation and industrialization.

 

Best Business Opportunities in Kerala- Identification and Selection of right Project, Thrust areas for Investment, Industry Startup and Entrepreneurship Projects

Please choose a project below related to this category.

Bioplastic Film
Bioplastic Film

Plastic materials have made entry in every sphere of human life because of its superior characteristics such as durability, strengths, shape and molda...

Capacity :

Bioplastic Film 25 Micron: 1,500,000 Kgs per Annum

Plant and Machinery cost:

185 Lakhs

Working Capital :

-

Rate of Return (ROR):

28.00

Break Even Point (BEP):

60.00

TCI :

Cost of Project: 617 Lakhs

Cost of Project :

61700000

Bioplastic Carry Bags and Garbage Bags Production
Bioplastic Carry Bags and Garbage Bags Production

Bioplastic Carry Bags and Garbage Bags Production. Biodegradable, Compostable and Eco-Friendly Carry Bags and Trash Bags Manufacturing Business P...

Capacity :

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Plant and Machinery cost:

-

Working Capital :

-

Rate of Return (ROR):

1.00

Break Even Point (BEP):

0.00

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-

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0

Bioplastic Carry Bags and Garbage Bags
Bioplastic Carry Bags and Garbage Bags

BioPlastic shopping bags, carrier bags, or plastic grocery bags are a type of bioplastic bag used as shopping bags and made from various kinds of biop...

Capacity :

Bioplastic Carry Bags (8"x16") Size: 3,500 Kgs per day Bioplastic Garbage Bags (950x810 mm) Size: 1,500 Kgs per day

Plant and Machinery cost:

62 Lakhs

Working Capital :

-

Rate of Return (ROR):

30.00

Break Even Point (BEP):

59.00

TCI :

Cost of Project: 396 Lakhs

Cost of Project :

39600000

Porcelain Insulator Manufacturing Industry
Porcelain Insulator Manufacturing Industry

Porcelain Insulator Manufacturing Industry. Production of Ceramic Electrical Insulator Electric Insulator Market worth $13.34 billion by 2023 An...

Capacity :

-

Plant and Machinery cost:

-

Working Capital :

-

Rate of Return (ROR):

1.00

Break Even Point (BEP):

0.00

TCI :

-

Cost of Project :

0

Mosquito Repellent Liquid Manufacturing Industry
Mosquito Repellent Liquid Manufacturing Industry

Mosquito Repellent Liquid Manufacturing Industry. Mosquito Repellent Industry. Production of Mosquito Repellent Liquidator Liquid repellents are...

Capacity :

-

Plant and Machinery cost:

-

Working Capital :

-

Rate of Return (ROR):

1.00

Break Even Point (BEP):

0.00

TCI :

-

Cost of Project :

0

PVC Conduit Pipes Manufacturing Business
PVC Conduit Pipes Manufacturing Business

PVC Conduit Pipes Manufacturing Business. Electrical PVC Pipe Production Electrical Conduit Pipe Market is projected to register a CAGR of 3.5% by 2...

Capacity :

-

Plant and Machinery cost:

-

Working Capital :

-

Rate of Return (ROR):

1.00

Break Even Point (BEP):

0.00

TCI :

-

Cost of Project :

0

Wood Plastic Composite (WPC) Manufacturing Business
Wood Plastic Composite (WPC) Manufacturing Business

Wood Plastic Composite (WPC) Manufacturing Business. Start a Plastic Wood Composite Unit. WPC Board Production Wood Plastic Composite is a hybrid...

Capacity :

-

Plant and Machinery cost:

-

Working Capital :

Rate of Return (ROR):

1.00

Break Even Point (BEP):

0.00

TCI :

-

Cost of Project :

0

Puffed Rice (Muri) Manufacturing Business
Puffed Rice (Muri) Manufacturing Business

Puffed Rice (Muri) Manufacturing Business. Production of Puffed Food (Kurmura, Murmura, Muri). Rice Processing and Value Added Products Muri is t...

Capacity :

-

Plant and Machinery cost:

-

Working Capital :

-

Rate of Return (ROR):

1.00

Break Even Point (BEP):

0.00

TCI :

-

Cost of Project :

0

Business Opportunities in Tourism and Hospitality Sector
Business Opportunities in Tourism and Hospitality Sector

Business Opportunities in Tourism and Hospitality Sector. Setting Up a 5 Star Hotel. Rising Opportunities in India's Hospitality Industry Hotels...

Capacity :

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Plant and Machinery cost:

-

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-

Rate of Return (ROR):

1.00

Break Even Point (BEP):

0.00

TCI :

-

Cost of Project :

0

Essential Oils Extraction and Manufacturing Industry
Essential Oils Extraction and Manufacturing Industry

Essential Oils Extraction and Manufacturing Industry. Jasmine and Tuberose Oil Extraction Business. Essential Oils from Flower Crops An essential...

Capacity :

-

Plant and Machinery cost:

-

Working Capital :

-

Rate of Return (ROR):

1.00

Break Even Point (BEP):

0.00

TCI :

-

Cost of Project :

0

Disposable Plastic Syringes
Disposable Plastic Syringes

Disposable Syringes are made of plastic material and are used in the field of medical and veterinary science. Due to their availability in sterilized...

Capacity :

Disposable Plastic Syringes: 460 Boxes/Day

Plant and Machinery cost:

Rs. 115 lakhs

Working Capital :

-

Rate of Return (ROR):

18.00

Break Even Point (BEP):

67.00

TCI :

Cost of Project: Rs. 289 lakhs

Cost of Project :

28900000

Cashew Nut Processing Unit
Cashew Nut Processing Unit

The cashew nut is a popular dessert nut, eaten out of hand, with other mixed nuts and used in baking and confections. Sixty percent of cashews are con...

Capacity :

Cashew Nut Processing Unit: 20 MT/Day

Plant and Machinery cost:

Rs. 155 lakhs

Working Capital :

-

Rate of Return (ROR):

31.00

Break Even Point (BEP):

62.00

TCI :

Cost of Project: Rs. 750 lakhs

Cost of Project :

75000000

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