Govt intends to transform kerala into manufacturing hub: CM

The Kerala government intends to transform the state into a manufacturing hub with special focus on electronic hardware manufacturing, Chief Minister Pinarayi Vijayan said here today.

Hardware parks, funding for EMCs, ESDM Policy and formation of a Hardware Mission were announced in the last budget, he said in a Facebook post.

The Hardware Mission had conducted a study to identify key players in the ESDM ecosystem in the state, create an inventory of assets in electronics manufacturing and core competencies that can be developed, he said.

The mission had submitted its EDSM policy report, which indicated a potential for Kerala to leverage its strengths in human resources, startup ecosystem, high consumption and a proactive policy to establish a manufacturing hub in electronics and related hardware, he said.

Kerala is betting heavily on electric mobility and this gives a huge opportunity for attracting manufacturing to the state, he said.

The possibility of exploiting the existing strengths to enable a power electronics cluster in the state is also being explored, the Chief Minister said.

An MoU with Intel and UST for exploring the potential for establishing the PC and server manufacturing in the state was on the anvil, he said, adding that once the feasibility was established, a Joint Venture with government and private players would be established.

These initiatives would also help public sector Keltron to regain its position as a key player in electronics manufacturing, he said.

(This article has not been edited by Zeebiz editorial team and is auto-generated from an agency feed.)