Union Budget 2023-24
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SNAPSHOT

Kerala retains the top spot in the NITI AAYOG – SDG Index

Kerala is a highly advanced society and scores high on human development indicators with the highest literacy rate, highest life expectancy, lowest population growth and the highest ratio of females to males in India.

Kerala is one of the most scenic and popular tourist destinations in India. It is also famous for its special ayurvedic therapies and its backwaters. Kerala also leads other states in Industrial development and per capita income. The state is a significant exporter of coir, spices, marine products, cashew, coffee and pickles. New business opportunities in Kerala can be explored as two-thirds of the state's export income comes from the food processing industry.

With a coastline of nearly 590 km, Kerala has a major port at Kochi (with a cruise terminal) and 16 smaller ports along the coast. Potential investors can identify many new investment opportunities in Kerala. The state is very close to the global maritime trade route passing through the Indian Ocean region with Kochi International Container Trans-shipment Terminal (ICT) at Vallarpadam, India's first ICT. Kerala is the first state in India to have four international airports, namely in Kochi, Kozhikode, Thiruvananthapuram and Kannur.

coco

Largest producer of coir and coconut in India

tele

Highest tele-density and penetration of optic fibre cable in India

spices

Cochin International airport is the world’s 1st fully solar powered airport.

tourism

Tourism

Kerala is one of the most sought-after tourist destinations in Asia, with many beaches, wildlife reserves, backwaters and hill stations to offer.

With its popular alternative medical therapies such as Ayurveda, Kerala is also popular for medical tourism. Several hospitals across the state maintain international standards in infrastructure, healthcare and state-of-the-art equipment, attracting foreign patients.

The state attracted around 11 Mn domestic and foreign visitors in 2019, registering a healthy growth of 17.2 %.

Food

Food Processing

Kerala is a major exporter of spices, marine products, cashew, coffee and pickles.

Food processing industry has been recognised as a priority sector in Kerala due to its potential for future growth and possibility of generating substantial employment. The following projects are being undertaken by the Kerala for this sector:

  • KINFRA Food Processing Park, Kakkanchery, Malappuram (Completed)
  • Food and Spices Park, Muttam, Idukki
  • KINFRA Mega Food Park, Palakkad
  • KSIDC Mega Food Park, Alappuzha
  • Home to 75% of India’s EU Certified Sea Food Units
  • 5 state-of-the-art Food Processing Parks including 2 Mega Food Parks
  • Spices Park coming up in Idukki
IT

Information Technology

Kerala is home to more than 800 IT companies, employing more than 100,000 employees.

The state offers IT infrastructure in the form of dedicated IT parks such as Technopark in Thiruvananthapuram and Kollam, notified as special economic zones. Overall, more than 800 ha of land is available for development for IT-related infrastructure.

  • IT and Technology Parks: Technopark – at Trivandrum, Infopark at Kochi, Smart City at Kochi and Cyberpark at Calicut
  • Technopark: India's first technology park and among the three largest IT parks in India today. This is the first CMMI Level 4 assessed Technology Park.
  • Kerala Startup Village – Run on a PPP model is transforming Kochi into one of the most vibrant tech-startup locales in the country
  • Maker Village - Largest electronic hardware incubator and Electronics System Design & Manufacturing (ESDM) facility in the country
Oil & Gas

Oil & Gas

Kerala is emerging as a hub for petrochemical activities, investing in projects having estimated costs of over INR 1,000 crore.

BPCL Kochi refinery is making a major capacity expansion from 9.5 MMTPA to 15.5 MMTPA. BPCL will produce 500,000 TPA of propylene, which would be the major feed stock for production of petrochemicals.

ESDM

Electronic System Design and Manufacturing

World-class research, development & testing facilities to support electronic industries

Kerala has many companies engaged in the manufacture of various components, products, and services catering to High end electronics / defense sectors

The first State in the Country to setup a company dedicated to Electronics (KELTRON)

Major players in the State include SFO Technologies, KEL, V-Guard, FCI-OEN etc.

KINFRA is setting up a land bank of 4,896 acres in 11 parcels in Kannur for the development of industrial parks.

Life Science

Life Sciences

The State’s rich biodiversity comprising of abundant flora and fauna has fostered a thriving R&D culture, giving birth to many research institutions in agriculture, Ayurveda, medical sciences, biotechnology, fisheries, marine sciences and more

  • Skilled & educated manpower
  • Presence of R&D institutes
  • KSIDC has set-up a Life Sciences Park at Thiruvananthapuram
48

Urbanisation Rate

Females/ 1000 Males
1121

Female/Male Ratio

Male/Female Ratio

Demographics

About 65% of Kerala's population is in the working age group of 15-59 years.

Kerala ranks 1st in HDI rankings with a score of 0.77. Kerala, the 13th most populated state, is home to 3% of the country's total population. The state's population of 33 mn is equivalent to the population of Canada. Remittance in 2020 crossed INR 1lakh crore

Industrial Land Bank Portal

GIS - based map displaying available infrastructure for setting up business operations in the state.

Data On Map

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