what are the benefits of industries in kerala
Answers
Explanation:
Kerala's industrial sector needs to take advantage of global best practises and attract more investors, educated and skilled work force. Emphasis should be given to the practice of ethical manufacturing, focused in value addition and in harmony with the environment. Focus should be given to tap the huge potential of knowledge based industries such as IT, computer hardware and bio technology. Kerala needs to create an eco-system where economic activities can be undertaken in a socially and environmentally responsible manner.
The manufacturing sector in Kerala is relatively small in size. The manufacturing sector accounted for a share of only 12.5 per cent of Kerala's Gross State Value Added (GSVA) (at constant 2011-12 prices) in 2019-20. In comparison, the manufacturing sector accounted for 17.4 per cent of India's GDP in 2019-20.
A Revival in Manufacturing in Kerala
At the same time, it needs to be highlighted that there has been a steady increase in the size of Kerala's manufacturing sector, in value terms, especially so over the last four years. The share of manufacturing in Kerala's GSVA increased from 9.8 per cent in 2014-15 to 12.5 per cent in 2019-20. According to data from Annual Survey of Industries, Kerala's share in gross value added by India's factory sector increased from 1.2 per cent in 2014-15 to 1.5 per cent in 2017-18.
Modernising the Traditional Sectors
The Government is taking steps to modernise the traditional industries in the State, including coir, cashew and handloom. As already noted, these industries continue to employ a substantial part of the State's total workforce. Modernisation of traditional industries will include (but not limited to) mechanisation of production processes in these industries. Moreover, with modernisation, Kerala's traditional industries will strive to diversify into new products (such as geo-textiles in the coir sector), and evolve effective marketing and distribution strategies. Rather than displacing workers (a strategy involving mechanisation alone may result in this), modernisation will lead to overall expansion of the industry and the creation of greater value addition per worker.
Answer:
Industrial development enables environment to tackle inequalities among and within countries either developed or developing, accelerates structural transformation and social mobility, provides new jobs and additional income, and reduces social exclusion
Explanation:
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