KINFRA’s Unified Land Policy is designed to ease the burden on entrepreneurs, offering several investor-friendly features:
A Statutory Body of Govt of Kerala
KINFRA’s Unified Land Policy is designed to ease the burden on entrepreneurs, offering several investor-friendly features:
Lease periods of up to 60 years for investments below ₹100 crore and up to 90 years for investments exceeding ₹100 crore.
Sublease provisions for warehouse spaces allocated to logistics activities
Flexible payment terms, requiring 20% upfront payment and the remainder in five annual instalments.
Special schemes for investors bringing in ₹50–100 crore or over ₹100 crore, with long-term leases and instalment options.
Land allocation on an annual rental basis for significant investments in renewable energy projects.
Transfer of allotments to family members in the event of death or incapacity without additional costs.
Exit policy enabling entrepreneurs to transfer their allocations to prospective investors with reduced payments based on the operation’s duration. Differential lease premium payments apply in cases of transfer or court-approved mergers.
The Single Window Clearance (SWC) system enables businesses to obtain all necessary government approvals through a single portal. This reduces administrative challenges and expedites the establishment of businesses. Key components include:
Single Window Clearance Boards: Operating at state, district, and industrial park levels to provide licenses, permits, and NOCs.
Online Clearance Mechanism: SWIFT (Single Window Interface for Fast and Transparent Clearance) facilitates online approvals from relevant departments.
Investment Promotion and Facilitation Cells: Addressing investor concerns at the state and district levels.
Kerala Single Window Interface for Fast and Transparent Clearance (KSWIFT) is a digital platform that centralizes interactions with government departments. It provides:
Kerala stands out as a beacon for ease of doing business with its streamlined processes, investor-friendly policies, and a robust support system. The state’s commitment to fostering a conducive business environment is evident through initiatives that simplify procedures, encourage innovation, and prioritize the success of entrepreneurs. With a focus on transparency and efficiency, Kerala beckons businesses to flourish in a welcoming ecosystem that values growth and development.
Simplified Licensing Procedures
On the national front, Kerala aligns with the Government of India’s initiatives, such as the Business Reforms Action Plan, aimed at reducing regulatory burdens. Key initiatives include:
Kerala’s forward-thinking policies create a business environment that is both dynamic and supportive, blending its rich cultural heritage with modern entrepreneurial opportunities. This unique approach makes Kerala a preferred destination for visionaries and risk-takers.
Kerala’s proactive focus on skill development is reflected in its top 5 ranking in the India Skills Report 2018. The state government has implemented specific initiatives to enhance skills across various industry domains, transforming Kerala into an emerging destination for enterprises and business development.
Kerala has undertaken significant legal reforms to create a more business-friendly environment: