Dubai: The southern Indian state of Kerala is seeking investments in its knowledge industries, and has a large pool of human capital to make it successful, its chief minister said on Tuesday.
“The unprecedented growth of Information Technology and knowledge industries and our programme to convert our cities into smart cities provides ample investment opportunities for collaborative partnerships,” Ommen Chandy, chief minister of Kerala.
“We are trying to become a digital state,” said Chandy.
The large mass of educated and trained manpower in Kerala is proof of human capital that is essential to turn any Foreign Direct Investments into highly profitable industries, he said.
While China and other countries focused on hardware and other sectors, India used its software power and made substantial contribution to global economy.
India helped its industries to increase efficiencies and reduce cost and thus become competitive, he said.
India’s domestic software industry is worth more than $100 billion (Dh367 billion), and its exports are at $86 billion.
For the current fiscal year ending March, Nasscom estimates the country’s software exports will grow at about 13 per cent. It had earlier forecast a 12-14 per cent range for exports in fiscal 2013-14.
