Kerala Inc extends support to new Govt; calls for economic reforms

Kerala’s trade and industry has extended all cooperation for the new government in all its efforts for the comprehensive economic development of the State.

V.P.Nandakumar, chairman, FICCI, Kerala State Council pointed out that the State is currently navigating significant challenges and various bold decisive decisions have to be taken.

Reforms agenda in the ease of doing business has to continue and importance has to be given to implement it at the grass root level. Fast track clearance of license for business ventures to be implemented in letter and spirit.

He also called for quicker approval processes for business ventures, faster reforms in land and plantation laws, stronger support for MSMEs, and continued encouragement for the startup ecosystem through investor-friendly policies.

Vinodini Sukumar, president of the Cochin Chamber of Commerce and Industry suggested the new Government should strategically identify and prioritize sectors where Kerala can emerge as a national and global leader by strengthening infrastructure, branding, skill development, and policy support in key sectors such as fisheries, electronics, healthcare, and other high-potential industries.

She also highlighted the importance of strengthening the State’s financial ecosystem, promoting financial literacy, curbing fraudulent investment schemes, and encouraging stronger collaboration between Government, industry, and educational institutions to create an industry-ready workforce.

Referring to the growing number of NRIs returning to Kerala, she said their international exposure and expertise should be effectively utilized to build world-class systems and contribute to the State’s long-term development.

Rajkumar Gupta, president of Indian Chamber of Commerce & Industry said Kerala needs innovative thinking, bold decisions, and a government capable of responding to the demands of a rapidly changing world. He expressed hope that the new administration would create a positive environment for businesses to invest, expand operations, and generate employment opportunities.

Although the State faces challenges related to employment, infrastructure, investment, and ease of doing business, he said Kerala has immense potential to emerge as a more vibrant, industry-friendly, and future-ready economy.

Published on May 18, 2026