Kottayam witnessed a major improvement in its investment climate with 1,205 new industrial units launched in the district during the last fiscal which led to creation of as many as 3,761 jobs.
As per the estimates of the District Industries Centre, the new ventures drew investment worth ₹66.33 crore during the period. Of the new units, 260 belonged to the agro-food production sector and 168, the textile and garment sector.
Investment assistance worth ₹4.73 crore was provided to 81 units under the Entrepreneurship Assistance Scheme. A sum of ₹62.27 lakh was granted for 21 units through the Margin Money Grant to Nano Units Scheme, besides ₹2.47 crore for 117 units under the Pradhan Mantri Employment Generation Programme.
