'Vyapar 2022' started in Kochi'

Kochi, June 16: Kerala is surging towards meeting its target of setting up one lakh MSMEs in the current financial year, with 13,137 enterprises in the micro, small and medium sector already registering in the first two-and-a-half months of FY 2022-23, Minister for Law, Industries and Coir Shri P. Rajeeve said today.

 “This has brought in an investment of Rs 982.73 crore so far this fiscal, giving employment to 30,698 people,” he said after inaugurating the state government’s three-day ‘Vyapar 2022’ business-to-business meet in the city, setting the stage for 350 entrepreneurs to strike partnerships with 500 buyers from across the country.

Minister for Law, Industries and Coir P. Rajeeve lights the lamp at Vyapar 2022, inaugurating the Kerala government’s three-day ‘Vyapar 2022’ business-to-business meet at Kaloor in Kochi on June 16, Thursday. Flanking him are Kochi Mayor M. Anilkumar, Industries and Commerce Director S. Harikishore, KINFRA MD Santhosh Koshy Thomas, Kerala State Small Industries Association President M. Khalid and K-bip CEO Suraj S.

Facilitating around 10,000 B2B meetings, the June 16-18 event will boost the administration’s renewed pro-industry measures to project Kerala as a prime business destination before the rest of the country, the Minister noted at the event, being organised by the Department of Industries and Commerce, at Jawaharlal Nehru International Stadium Ground.

 Sustained efforts to strengthen MSMEs have led to recruitment of 1,155 interns at the panchayat level to train entrepreneurs. “A chunk of them are MBAs,” he revealed.

Minister for Law, Industries and Coir P. Rajeeve speaks after inaugurating Kerala government's Vyapar 2022 business-to-business meet at Kaloor in Kochi on June 16, Thursday. Sitting, from left:  K-bip CEO Suraj S, Kochi Mayor M. Anilkumar, KINFRA MD Santhosh Koshy Thomas, Industries and Commerce Director S. Harikishore, Kerala State Small Industries Association President M. Khalid and FICCI Kerala State Council Chairman Deepak L. Aswan.

Pointing out that two recent laws have quickened the setting up of MSMEs in Kerala, the minister said KINFRA is working on a permanent exhibition-cum-convention centre in the city. Envisaged to be completed in October 2023, the project is coming up in suburban Kakkanad, he added. Kochi Mayor Shri M. Anilkumar, in his presidential address, said a positive change of approach of the stakeholders can revolutionise the MSME sector in the state.

 Industries and Commerce Director Shri S. Harikishore, welcoming the gathering, said Kerala was poised to realise its target of giving employment to four lakh people in the MSME sector.  KINFRA MD Shri Santhosh Koshy Thomas, Kerala State Small Industries Association President Shri M. Khalid and FICCI Kerala State Council Chairman Shri Deepak L. Aswani also spoke. Kerala Bureau of Industrial Promotion (K-bip) CEO Shri Suraj S. proposed thanks.

Minister for Law, Industries and Coir P. Rajeeve cuts the ribbon at Vyapar 2022, the Kerala government’s three-day ‘Vyapar 2022’ business-to-business meet, at Kaloor in Kochi on June 16, Thursday. Flanking him are Kochi Mayor M. Anilkumar and Industries and Commerce Director S. Harikishore; behind are KINFRA MD Santhosh Koshy Thomas and FICCI Kerala State Council Chairman Deepak L. Aswani.

 A major objective of Vyapar 2022, which will be open to the public on Saturday (June 18) from 2 pm, is to give an impetus to the pandemic-hit MSME units. The event provides them a platform to showcase the quality of their products, technological competence and skills before the industrial community. Besides buyers from top commercial establishments, representatives of all-India trade and commercial organisations, business consortiums, e-commerce executives, exporters and consumers are converging at the conclave to make business deals.

An expo at the event exhibits the productivity of industry, presenting the products that are branded or otherwise. It also aims to encourage industries to boost their growth profile, kindle the interest of investors and highlight the role of MSMEs in the state’s economic growth.

The focal sectors are food processing (food and spices); handlooms, textiles and garments (fashion design and furnishing products); rubber; coir products; Ayurveda and herbal (cosmetics and nutraceuticals); electrical and electronics; and traditional sectors that include hand-carved goods, handloom textiles and bamboo-based items.

Minister for Law, Industries and Coir P. Rajeeve visits a stall at Vyapar 2022, the Kerala government’s three-day ‘Vyapar 2022’ business-to-business meet, at Kaloor in Kochi on June 16, Thursday. Flanking him are Kochi Mayor M. Anilkumar, Industries and Commerce Director S. Harikishore.

Minister for Law, Industries and Coir P. Rajeeve visits a stall at Vyapar 2022, the Kerala government’s three-day ‘Vyapar 2022’ business-to-business meet, at Kaloor in Kochi on June 16, Thursday. To his left is Industries and Commerce Director S. Harikishore.

 

Two portals for entrepreneurial empowerment

The Directorate of Industries and Commerce launched two online portals for the entrepreneurial empowerment of Kerala viz Grievances Redressal registration portal and Private Industrial Estate portal.

Grievances Redressal Portal

The investors who wish to start new projects may face several challenges. They have to go through window of various departments and agencies during their journey for the materialization of the venture.

To hear their grievances and settle them, there are two platforms created.

In the district level forum, the complaints of the projects with the capital investment up to 5 crores will be heard. If the investment is more than 5 crores, the entrepreneurs can approach the state level forum.

The appeals against  the district level committee can be submitted before the state level committee.

Private Industrial Estate portal

The Private Industrial Estate scheme envisages creation of more employment opportunity by way of developing areas/estate suitable in private land for the purpose of establishing more industrial enterprises across the state in an easy to do business environment. The state suffers from the scarcity of industrial land and the demand is soaring up. The minimum extent of land for developing a Private Industrial Estate is 10 acres and for establishing a Standard Design Factory is five acres. The land proposed should not fall under ESA /CRZ/ / Paddy Land /Wet Land.

Entities owning and possessing a minimum of 10 acres of land shall apply online to obtain the Private Industrial Estate Developer Permit. If the Private Industrial Estate is proposed in an extent of land above 15 acres exemption under KLR Act 1963 will be granted by Government.

 

Entrepreneurial subsidy upto 40 lakhs

The department of Industries and Commerce declared revised subsidy for new MSMEs to encourage the entry of young talented entrepreneurs to the arena of Industry. The new project will be given up to 15 % subsidy of the fixed capital Investment.

These who seek assistance of financial institution as loan will be given subsidy at 50% (maximum up to 3 lakhs). As per the new entrepreneurial assistance, the general category gets 15% subsidy (upto 30 lakhs) and the SC, ST, Women and young entrepreneurs get 25% subsidy (upto 40 lakhs). The new ventures from backward districts viz, Kazargod, Pathanamthitta, Wayanad, Iduki will get on additional assistance up to 10% (maximum 10 lakhs). The same package will be given to those who acquired technical knowhow from recognised institution by State and Central Government. All the Capital Investment like land, buildings, machinery, power generating system are eligible for the scheme.

 

VYAPAR 2022

In order to spring up the morale of Micro Small Medium Entrepreneurs of the State the Department of Industry and Commerce is organizing an international business meet titled 'VYAPAAR 2022' from 16th to 18th June 2022 at Jawaharlal Nehru International Stadium, Kaloor, Kochi. Around 300 MSME units engaged in the fiield of food processing, coir, rubber, ayurveda, electrical and electronics, handloom and garments, handicrafts are participating in the meet.

Arrangements have already been made to enter business agreements with the buyers of other states and foreign countries to widen the market of our MSME products. For further information visit  www.keralabusinessmeet.org

ED Clubs for vibrant youth

The Department is implementing ED clubs in educational institutions with a vision to promote entrepreneurship among talented youth. Higher secondary schools, Technical schools, ITI, Polytechnics, Arts and Science colleges are the target of this novel scheme. At least 25 members must be enrolled in each club which will be headed by the Principal of the Institution. A faculty member will be the co-ordinator. Rs. 20,000/- will be given to each club for its smooth functioning every year. The amount transfers to the joint account of the co-ordinator and head of the institution concerned. There is a prescribed application form which is available from the District Industries Centre or other related offices to organize ED clubs. The duly filled and signed forms to be submitted to these offices. Presently around 800 ED clubs are smoothly functioning in the State.