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States » South


MSMEs will total 1.5 lakh by end of current fiscal: Minister

Kochi, July 23 (UNI) As many as 42,300 micro, small and medium enterprises 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, Minister for Law, Industries and Coir Shri P. Rajeeve said on Saturday.
Speaking after inaugurating a new facility of Innovature at Infopark Phase 2 SEZ in Kakkanad, 15 km north of the city, the minister said
“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. These imply 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.
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