"Kerala to reach 1.5 lakh MSMEs by end of current fiscal: Minister Rajeeve"
As many as 42,300 micro, small and medium enterprises (MSMEs) got registered in Kerala during the first quarter of the current financial year, prompting the government to re-estimate its target from 1 lakh to 1.5 lakh MSMEs by the end of 2022-23, said Minister for Law, Industries and Coir P Rajeev.
Kerala had only 17,300 MSMEs registered in the whole the last financial year, he said after inaugurating a new facility of Innovator at Infopark Phase 2 SEZ in Kakkanad.“We are a State with the fragile Western Ghats on one side and a coast with regulations zone act on the other. In between, we have eco-sensitive zones. This implies we can go only vertically. The government encourages industrial projects requiring less land,” he noted while addressing the employees of the 2005-founded software firm.