Kerala has been a model for high human development at low incomes. But in recent years, the state is gradually shifting from an Agrarian economy to a market economy. The income levels have gone up and Kerala contributes 4.11% of the country’s GDP. State’s per capita income is 50% higher than the national per capita income. The gross state domestic product recorded a robust growth of 12% as compared to the negative growth during Covid. The economic development of Kerala is also attributed to its location, climate and its topographical features.

The driving forces of economic growth in Kerala

Services industry

Services sector is the prime mover of the economy and contributes 63.66% of Kerala’s GSDP. It comprises the hospitality sector, tourism, ayurveda and medical services, pilgrimage, IT based sectors, transport sector, financial services and education. In addition to that, a major foreign exchange earner of Kerala is its export of human resource services.


Kerala export items generate a lot of foreign revenue. The major items that contribute are jewellery, that generate over ₹6000 cr, marine products that generate over ₹3000 cr, spices generating over ₹2000 cr and cashew with over ₹1500 cr. 


Paddy grows in the wetlands and cash crops like coconut, rubber, tea, coffee, cardamom, pepper and cashew grow in garden lands. Besides, Kerala is also a producer of crops like tapioca, banana, vegetables, mango, jackfruit and so on. It produces 97% of the national output of pepper and accounts for 85% of the natural rubber in the country. Coconut, tea, coffee, cardamom, vanilla, cinnamon and nutmeg are the main agricultural products. Almost 80% of India’s export quality cashew kernels are prepared in Kollam. Dairying and Fisheries are the important sub-sectors. 

Manufacturing Sector

Manufacturing contributes 24.27% in Gross State Domestic Product (GSDP). There are Medium, Small and Micro sector industries in Kerala with few large industries and ancillary units. The major manufacturing units are Food Processing, Marine Products Processing, Ayurvedic Medicines Manufacturing, Handicrafts, Coir, Rubber based projects, Wood and Bamboo based Industries, Shipbreaking etc. Some important industries in the Public Sector include Cochin refinery, Cochin Shipyard, FACT, Kerala Minerals & Metals, Malabar Cements, etc.

Ores & Minerals

The state of Kerala is endowed with a large number of minerals such as heavy mineral sands, gold, iron ore, bauxite, graphite, china-clay, silica sand, lignite, lime-shell, magnesite etc. It has industries related to the processing of Monazite, Ilmenite, Granite & Lime-based products. 

Electronic Industry 

The software industry is growing fast in Kerala. Kerala is one of the upcoming states in the ICT sector. This sector has recorded a steady growth with the following major achievements:

  • First high speed rural broadband network in Idukki
  • 100% of Gram Panchayats being connected through optical fibre networks
  • More than 99,500 eTender Kerala transactions through a single window in the years 2015-17!
  • Laying of over 30,000 km of OFCs across the state
  • Employment of 1.22 lakh professionals in the IT industry, with goods and services exports worth ₹15,000 cr in the year 2021.
  • IT companies’ renewed interest in Kerala post Covid-19 while planning an expansion of its facilities to Tier 2 and Tier 3 cities in Kerala.

How to get hold of eTender Kerala?

The eSubmission Tender System of Kerala has provisions that enables bidders to download tender schedules and submit their bids online through this portal at no cost.

In the month of March, 2023, organisations that have released maximum e-tenders from Kerala, include Local Self Government Departments with 2339 active etenders and PWD with 578 active etenders. 

To find relevant tenders for specific businesses, one can also log on to, which is a website with the largest database of tenders both for India and global. Normally, eTender Kerala has ~18,000 active tenders at one time and so far it has released over 7 Lac tenders. A huge sum of 141 Lac Crores worth of tenders were released by eTender Kerala just in the year 2022. Let’s understand more about which sectors is the state government of Kerala focusing on for which these government tenders are getting released. 

How does BidAssist work?

Finding relevant tenders on is as simple and specific as searching for the best restaurant serving your favourite cuisine in a desired city on Google! You can type in a keyword for etenders Kerala that you are looking for, and instantly get to see a list of etenders Kerala based on your search query. Furthermore, you can use filters based on your preferences using advanced filters like the authority name – say Kerala State Electricity Board or Kerala Police, location, amount, last date and so on. For example if you are looking for etenders Kerala in the field of construction work of toilets, BidAssist will guide you to the recently released tender by Vikram Sarabhai Space Centre for construction of toilets in its Gaganyan Building at Thumba, Kerala and more on similar lines.

You can also choose to receive periodic notifications (SMS/Whatsapp/Email) by saving your filters, with the flexibility of setting the frequency for these notifications under the Profile Section. If you work in a team, you are allowed access to the latest tender notifications from 5 unique email ids as part of the standard plan. To add more email ids, you can reach out to the BidAssist support.

Upcoming Mega-Projects in Kerala

  • Kochi Metro Phase 2 Project – The estimated cost of the project is more than ₹2000 cr and is to be completed by 2028
  • Ernakulam Railway Station Redevelopment Project – The existing railway station is undergoing a major renovation with an estimated budget of ₹300 cr. The state of the art railway station will be a highlight of the entire Ernakulam district with modern multi-level car parks and electric vehicle charging stations
  • Kolam Railway Station Redevelopment – The project is expected to be completed by 2025. ₹361 cr worth contracts have already been awarded with a scope for further upgrades in future
  • Coastal Highway Project – The construction of a green field coastal highway connecting Thiruvananthapuram and Kasaragod in Kerala is already in its final drawing board with land acquisitions underway. The approximate cost of this 623 km highway is ₹6500 cr
  • Vizhinjam International Sea-Port Project – This deep water port is being developed near Thiruvananthapuram. The port is aimed at developing the state’s shipping and trade infrastructure in addition to fuelling the local economy and creating employment opportunities. The estimated cost of the project is ₹7500 cr. The entire construction includes a dedicated container terminal with a capacity of 4.1 million TEUs per year and will be completed by 2035
  • Mumbai-Kanyakumari Economic Corridor – This 1600 km long corridor has been allocated ₹64000 cr in the financial year 2021-22. Approximately 644 km of this corridor is located in Kerala and is likely to have a significant impact on the economic development and connectivity of the region

Some other key projects in the state that are underway include Kochi Smart City Project, Ambalamugal Petrochemical Park Project, Kochi Water Metro Extension Project, Thiruvananthapuram Light Metro Project, Kozhikode Light Metro Project, GIFT (Global Industrial Finance and Trade) City, Silver Line Rail project connecting Thiruvananthapuram to Kasargod and so on.

Get in touch with us asap!

Now that you have a fair idea on the size of projects that have been planned by the Kerala government, don’t waste a minute. Just log on to and begin your e-Tender Kerala search for FREE. BidAssist is a transparent platform and we are always open to your valuable feedback. Feel free to reach out to BidAssist support and share your query, and be rest assured to get a prompt response from the team.

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