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Chennithala, Jayarajan spar over investment ranking
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State’s standing in Ease of Doing Business rankings discussed
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State’s standing in Ease of Doing Business rankings discussed
Leader of the Opposition Ramesh Chennithala was engaged in a war of words with Industries Minister E.P. Jayarajan over the State’s standing in the ease of doing business ranking during discussions in the Assembly on Thursday.
The verbal spat occurred as Mr. Jayarajan elaborated on the progress achieved by the government in attracting investments to the State. Mr. Chennithala interjected the Minister’s address by lashing out at the government for its alleged failure in preventing the State’s fall in the rankings from 21 to 28 during the Left Democratic Front government’s rule.
Government to consider forming a venture capital fund for the initiative
The State government will consider the formation of a venture capital fund to provide aid to startups as a joint initiative of the Kerala Bank, Kerala Finance Corporation, and Kerala State Industrial Development Corporation, Chief Minister Pinarayi Vijayan has said.
He was speaking at an interaction organised by the Kerala Startup Mission with the founders of various start-up companies based in Kerala here on Monday to collect their opinions and suggestions on the steps that the government needed to take in the sector.
He said that the government would take steps to promote the products and services from startups. The delay in providing funds from the various departments to startups for services rendered would be addressed. Marketing facilities for start-up products would be ensured. A national-level launchpad to get more aid for startups would become a reality this year.
Kerala plans to set up venture capital fund for start-ups: CM Vijayan ANI | Updated: Jan 19, 2021 22:38 IST
Thiruvananthapuram (Kerala) [India], January 19 (ANI): KeralaChief MinisterPinarayi Vijayan on Tuesday said that his Government is looking into the possibility of setting up a dedicated Venture Capital (VC) fund for start-ups in the state. A proposal to set up the VC fund with the backing of public sector Kerala Bank and Kerala State Industrial Development Corporation (KSIDC) is under active consideration. The proposals for start-ups announced in the state budget for 2021-22 will be implemented at the earliest, Vijayan said during an interaction with start-up founders, organised by Kerala Startup Mission (KSUM).