The business landscape in Kerala has been rapidly evolving in recent times, with sectors such as tourism, healthcare, and logistics showing immense potential for growth and development. In this article, we discuss the latest Kerala business news and take a closer look at the top industries to watch in 2021.
Tourism
Kerala’s tourism industry has been one of the biggest contributors to the state’s economy, and despite the pandemic-induced lockdowns and restrictions, the sector is expected to make a strong comeback in 2021. According to a report by the Kerala State Tourism Department, the state received over 16 million tourists in 2019, generating a revenue of around Rs. 45,000 crores. The industry is expected to see a surge in domestic tourism as people opt for staycations and short trips within the state.
Healthcare
With the ongoing pandemic, the healthcare industry has taken center stage, and Kerala’s healthcare sector has been at the forefront of the fight against COVID-19. Kerala has been recognized for its efficient healthcare system, and the state’s hospitals and medical facilities have been providing world-class healthcare to both local and international patients. The state is also gearing up to fill the gap in the medical tourism sector left by countries such as Thailand, which have seen a decline in medical tourism due to the pandemic.
Logistics
The logistics industry in Kerala has seen a significant growth in recent years, owing to the state’s strategic location and excellent connectivity. The state’s ports, airports, and highways make it an ideal location for logistics operations, and with the government’s plans to develop the state into a logistics hub, the industry is expected to see a further boost in 2021. The state has also been focusing on e-commerce logistics, which is expected to drive growth in the sector.
Conclusion
Kerala’s business landscape is set to witness significant changes in 2021, with industries such as tourism, healthcare, and logistics showing immense potential for growth and development. The state has been pushing for increased investment and infrastructure development, which is expected to attract more businesses and entrepreneurs to the state. As the world grapples with the pandemic and its aftermath, Kerala’s business ecosystem is well poised to emerge stronger and more resilient than ever before.
