Year of Enterprises 2022-23: Historic achievement of establishing One Lakh units in 250 days

        Hon’ble Minister for Industries, Law and Coir announced on 08th December 2022, the milestone achievement of registering 1,00,000 new enterprises in Kerala as part of the Year of Enterprises Initiative of the Government. The Financial Year 2022-23 is observed as the Year of Enterprises. The Industries Department has undertaken a slew of activities for promoting new enterprises in the State. The proud achievement of one lakh new enterprises has been achieved in a period of 250 days from April 1 to December 7, 2022. As part of this, an investment of Rs 6274 crore and 2,20,285 new employment opportunities were created in the state.

         Ernakulam district leads in terms of number of enterprises, investment and employment opportunities. Malappuram and Thrissur districts bagged the second and third positions. More than 9000 enterprises have been started in Kollam and Thiruvananthapuram districts. 13000 units have been started in the industrially backward districts of Pathanamthitta, Kasaragod, Wayanad and Idukki and more than 28000 jobs have been created. One-third (31,785) of the newly started enterprises are owned by women entrepreneurs. One lakh also includes 4678 new ventures promoted by entrepreneurs belonging to Scheduled Castes/Scheduled Tribes.

# Top sectors New enterprises Investment (Rs. Crore) Jobs created
1 Argo & Food processing 18196 1082 45382
2 Garments & Textiles 11770 515 24261
3 Service activities 7932 475 18030
4 Electrical & Electronics 4404 262 8117
5 Trade Activities 31925 1846 58734