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Kerala is upgrading its investment climate: Here is how

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Kerala is emerging as one of the key investment destinations in the country, following the roll out of policy reforms to clear the hurdles and accelerate industrial growth. The upshot was the state’s incredible leap in Ease of Doing Business Index (EoDBI), to 15th rank in 2022 from 28th in 2019. 

So, what are the three key reforms that are spearheading the improvement in EoDBI?

K-Swift

K-Swift, which is short for Kerala Single Window Interface for Fast and Transparent Clearance, is an elaborate e-platform to facilitate the citizen – government interface focusing on transparency. It functions as a fast-track online system for entrepreneurs to avoid procedural delays in getting statutory clearances from various authorities concerned throughout the life-cycle of projects.

www.kswift.kerala.gov.in

Advantages

• Entrepreneur-friendly portal to obtain NOC’s with minimal ‘running around’.

• Real time status update on the clearance process with timelines.

• Auto generation of deemed approval based beyond set timeline.

• Common Application Form, Integrated payment mechanism.

• Downloadable digital approvals at finger-tip.

Intelligent Building Plan Management System (IBPMS)

This is basically a repository of information on various investment opportunities in the state, details of land bank, schemes of various departments, and information on services available.

IBPMS provides single[1]point, integrated and holistic online development permissions to applicants in specified timelines.

www.ibpms.kerala.gov.in

Invest Kerala Portal

The state has a common integrated web portal named “Invest Kerala”, for the Department of Industries and Commerce, Government of Kerala (GoK). The portal will act as a single window facilitator for investment promotion for prospective and aspiring investors.

The portal gives:

• Integrated view of various information/activities/ services of existing portals of KINFRA, DIC, KSIDC, K-BIP.

• Incorporation of the requirements of Ease of Doing Business initiatives of the state.

• Common repository for land bank details, investor wizard, various services, schemes, lenders, and relevant reports.

• Dynamic investor query resolution

invest.kerala.gov.in

Kerala has invested substantially in developing infrastructure facilities. The state government is making all out efforts to convert Kerala into a global trade hub and an investor-friendly state, without hampering the ecology and environment.

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