As part of fostering a business-friendly environment in Kerala, the Government of Kerala pioneered various Initiatives for Improving the Ease of Doing Business in Kerala. Key Initiatives of the Government of Kerala on Ease of Doing Business are;
Simplifying Licensing & Inspection Procedure
As per MSME Faciliation Act for investments not under red category and up to Rs 50 Crores will not require any prior license from the state government. This facility can be utilised for the first three years, following which necessary licenses must be procured within six months.
The MSME Facilitation Act of 2019 was amended to facilitate licenses having 5 years validity, to Non-red and Non-MSMEs. An Investment Facilitation Bureau chaired by the Principal Secretary (Industries) will issue license to the enterprise within 7 days after scrutiny of the documents submitted
To foster an investor-friendly environment in Kerala through expeditious, time-bound processing of applications with an “investor-first” approach “The KSIDC Invest Cell” is set up for strengthening facilitation support to entrepreneurs for clearances/approvals for enterprises.
Seeking to further enhance the Ease of Doing Business in Kerala, a dedicated Toll-Free Call service (1800-890-1030), was launched to provide all information on investment-related queries