The Growth of Kerala’s Economy

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Kerala, one of the most literate states in India, is on a fast-track towards urbanization. Despite a recent slowdown, Kerala continues to have a robust and vibrant economy. Whether we talk of infrastructure or power sector, several developments have taken place around the state, which have contributed to its growth and prosperity. However, it’s the service industry that primarily dominates the economy of Kerala.

Information Technology (IT) industry, for example, has been growing at a rate of 30% per annum in Kerala for quite some time now. IT industry has played a key role in creating large scale employment opportunities in the state. Kerala is fast emerging as one of the major IT destinations in the country. Power industry has also witnessed a tremendous growth in the recent years. Rapid growth in the industrial and services sector has increased the demand for power in the state. The government of Kerala has also rolled out numerous tenders to meet such surging demands.

As one of the fastest growing economies in India, Kerala always strive to provide a favorable business environment. The commitment of the government to transform the state into a vibrant entrepreneurial society has made Kerala an ideal place to invest in. Whether we talk of infrastructure or power industry, many opportunities exist for all those who intend to make a profitable investment in the state. In the recent years, many new projects have been launched by the state in partnership with private organizations. Some of these projects have been completed while the others are still under construction. Moreover, there are many projects that are currently in the pipeline as well.

If you’re planning to invest in the state, the first step would be to look for Kerala tenders. These tenders are issued from time to time. Visiting a reliable online portal such as Tender Detail is one of the best ways to find all tender-related information at one place. Right from finding business opportunities to evaluating risk, an online tender information site can help you locate the best investment opportunities in Kerala as well as in all other Indian states.

There are several platform like Tender Detail where you get online tender information in India and all other countries. It’s a platform where the investors can find all types of tender information at one place. Be it construction, IT and Telecom, Power, Medical Equipment, Scientific Instruments, Safety and Security or any other industry.