Kerala on track to set up 100k MSMEs in this fiscal: Minister

Kerala is surging towards meeting its target of setting up 100,000 MSMEs in the current financial year, with 13,137 enterprises in the micro, small and medium sector already registering in the first two-and-a-half months of FY 2022-23, minister for law, industries, and coir P Rajeev said on Thursday.

“This has brought in an investment of ₹982.73 crores so far this fiscal, giving employment to 30,698 people,” he said after inaugurating the state government’s three-day ‘Vyapar 2022’ business-to-business meet in the city, setting the stage for 350 entrepreneurs to strike partnerships with 500 buyers from across the country.

Facilitating around 10,000 B2B meetings, the June 16-18 event will boost the administration’s renewed pro-industry measures to project Kerala as a prime business destination before the rest of the country, the Minister noted at the event, being organized by the Department of Industries and Commerce, at Jawaharlal Nehru International Stadium Ground.

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