Kerala govt announces wage subsidy scheme for new ventures

Kerala chief minister unveiled a set of path-breaking initiatives that will enhance the ease of doing business in the state including a wage subsidy scheme for the first five years for new ventures getting registered from April 1, 2020. Inaugurating the two-day ASCEND Kerala 2020 global investors meet, organised by the state department of industries, in Kochi, showcasing over 100 major projects before the leaders of industry.

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The investment climate prevailing in the state is most conducive. This is especially significant at a time when certain parts of the country and the world are in the grip of tension and anxiety. Recalling a string of legislative and procedural initiatives put in place by the state government, the chief minister said many more such measures are on the anvil to enable a fast, transparent and corruption-free investment regime.