It had been a satisfying year for industry and allied sectors in Kerala. While, the manufacturing sector for the country as a whole registered a growth rate of 8.2% during 2010-11, in Kerala it recorded a wee bit higher at 8.74%. And according to the statistics published by the department of Economics and Statistics, the growth rate for the period from 2005-06 to 2010-11 averaged 7.9% at constant prices and 15.66% at current prices. The contribution of the manufacturing sector to GSDP at constant and current prices during 2010-11, was 8.28 %t and 9 % respectively.
During 2010-11, 2300 companies were newly registered which included 52 public limited and 2248 private limited Companies. One Public Limited Company and 7 private limited companies were transferred to other States during 2010-11.
Kerala has not been a major recipient of Central investment, its share being a measly 2.6%. Maharashtra topped the list of states with the highest central investment. As for Kerala it ranked 17th.
State Level Public Sector Enterprises
Various strategies were introduced for the revival of SLPEs such as performance management, capacity building, enhancing productivity, due diligence and asset reconstruction. Performance Management strategies like online monitoring systems, monthly reviews by the Minister in charge and institution of rewards were other notable initiatives.
For more information: spb.kerala.gov.in