“This award shows that Kerala’s performance in ease of doing business last year was not a one-off phenomenon,” said Minister Rajeeve after receiving the accolade. “Last year, we implemented 91% of reforms. This year, we improved that to 99.3%. Out of 34 reform areas, we implemented 30. Kerala now leads in areas such as speedy electricity and water connections, and quick business registration.”

Rajeeve added that Kerala’s consistent achievement highlights the state’s ongoing commitment to governance reforms and reducing compliance burdens. “In 2023, we topped in two business reform areas. This year, we secured first place in four. It reflects our sustained efforts to create a seamless environment for investors,” he said.

The minister credited the coordinated efforts of various state departments, agencies such as KSIDC, and the support from industry bodies including FICCI, CII, and Small Scale Industries Associations for helping Kerala achieve this milestone.

Andhra Pradesh and Rajasthan also featured alongside Kerala in the Fast Movers category, while Tamil Nadu, Maharashtra, and Gujarat appeared in the “Aspirers” list.

Rajeeve said the 2024 recognition will provide a renewed boost to Kerala’s industrial climate and further strengthen investor confidence in the state.