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Kerala Government To Focus On Start-Ups After Setting Up One Lakh Enterprises In State

A team of government officials recently visited the medical expo in Germany and also held meetings with representatives of the governments and medical companies from countries including South Korea, Japan, Britain, the Netherlands and Germany

Kerala Government To Focus On Start-Ups After Setting Up One Lakh Enterprises In State
Pinarayi Vijayan, Chief Minister of Kerala
POSTED ON December 12, 2022 5:53 PM

The Government of Kerala is all set to focus on the medical enterprises and start-ups after completing its year-long initiative to set up one lakh micro, small and medium enterprises (MSMEs). The industries department is planning to establish research institutes, hospitals  and medical sectors in the Life Science Park, Thiruvananthapuram. 

Keeping the hardships in mind, the department will study and analyse medical equipment industries in seven countries and aims to create a successful Kerala model of the same. Additionally, it wants to establish a micro start-up venture similar to Israel. 

A team of officials recently visited the medical expo in Germany. It also held meetings with representatives of the governments and medical companies from countries like South Korea, Japan, Britain, the Netherlands and Germany. This team had managed to bag investment proposals from all nations except Korea. In the coming time, the members from these nations will visit Kerala. They developed an action plan and handed it to the Kerala Development and Innovation Strategic Council (K-DISC)

Kerala is enthusiastic to establish a start-up ecosystem in the state. Till date, it has only one unicorn. Open financial technology, a neo-banking organisation for small and medium enterprises (SME), achieved the status after raising $50 million from the Mumbai-based IIFL Finance. Pinarayi Vijayan, the chief minister of the state called it a proud moment for the state. 

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