Kochi: Kerala needs industrial ventures with novel ideas, chief minister Pinarayi Vijayan said, while inaugurating a young entrepreneurs meet organized by the Kerala State Industrial Development Corporation on Tuesday.
He said that the government would offer all encouragement to new ventures. He also called for a timely upgrade of traditional methods.
The chief minister called upon the youngsters to use their talents in their homeland rather than pursuing careers abroad. Though the number of start-ups was on the rise, not all of them were carried through to success.
He said that the government was working on preventing the untimely demise of start-ups due to a lack of guidelines and insufficient funds.
The KSIDC will give financial support to as many as 1,500 start-ups, Vijyan said. Youngsters with novel ideas could help out in areas such as agricultural, health and waste management. The government will take measures to overhaul the conventional methods of industrial development, the chief minister added.
He said start-ups had turned the youth from job seekers to job generators.
The government was working on making Kerala more investment-friendly. An Investment Promotion Development Act was on the anvil to fast-track the execution of ventures, he said.
Industries minister A C Moideen, who presided over the function, said that the government would acquire about 5,000 acres of land for new industrial ventures.
M Swaraj MLA, Union telecom secretary Aruna Sundarrajan, KSIDC chairman Dr Christy Fernandes, managing director Dr M Beena, industries department secretary Sanjay Kaul and Marad municipal chairperson Suneela Sibi and Tie Kerala president Rajesh Nair also spoke on the occasion.
The event was imaginatively planned. A robot designed by Asimov Robotics walked up to the chief minister to hand over a sling with which to inaugurate the signature film of the event.