Kerela Needs Revenue From Entrepreneurship | SupportBiz


Kerela Needs Revenue From Entrepreneurship

With the government deciding to close down liquor bars below five star category, a huge revenue loss is staring the state. The matter is to come up before the state High Court on September 18.

Thiruvanthapuram: Urging aspiring entrepreneurs to transform Kerala into a vibrant and 'job creating' state, IT and Industries Minister P K Kunahlikutty on Monday said it does not need revenue from liquor sales, but from entrepreneurship.

"We do not need revenue from liquor. The state needs to make revenue from entrepreneurship," he said in his keynote address at the Young Entrepreneurs Summit (YES) at Angamally.

Kunahlikutty said the state government is throwing its full weight behind the young and aspiring entrepreneurs to build a vibrant and 'job creating' Kerala to turn the state from the land of job seekers to a land of job creators.

The summit has been organised by the state industries department government in association with the Kerala State Industries Development Corporation. Kunhalikutty said the decision to bank on youth to build a Resurgent Kerala was the culmination of the search for viable model to industrialise Kerala.

He added: "In the past, we have tried different modules like Global Investors Meet (GIM) and Emerging Kerala. But these efforts did not end in any tangible gains.

"Finally, after long deliberations and brainstorming and after careful evaluation of different trends, we concluded that we can bank on the young minds with innovative ideas to write a different story and the YES is the manifestation of that."

Government's ultimate aim is to make Kerala the preferred destination for start-up businessmen and women in the near future. "Already, we are there. But we want to take the step forward to put Kerala on the top of country's industrial map," he said.

Kunahlikutty said: "Yes, we can do it and we will do it. In this effort the entire state government machinery will be with you."

In an overview of the summit, Aruna Sundararajan, Additional Chief Secretary and managing director KSIDC, said the meet would act as a 'springboard' to achieve the dream of youth to build successful and vibrant enterprises.

"We are quite positive that this meet will act as a springboard to translate your dreams into reality. On our part, the government will offer 360 degree support covering all aspects to build a successful enterprise," she added.

Over 2,500 aspiring and successful entrepreneurs, innovators and young prospective investors from various educational institutions are attending the summit were addressed by Chief Minister Oommen Chandy later.

PWD Minister V K Ebrahim Kunju said there is need for better infrastructure and government would make arrangements to complete various road related infrastructure projects to Infopark, Startup village and Smart city within 18 months on a war footing. Fisheries minister K Babu, Principal Secretary IT and Industries, P H Kurian, Jose Thettayil MLA and Pranav Kumar Suresh, chief executive, Start up village were among those who spoke at the event.

Seven parallel sessions, spanning from agriculture and Food Processing, tourism, business Innovation and green technology, healthcare and life sciences, electronics and digital media were held. A total of 140 stalls have also been put up by entrepreneurs at the summit venue.