Rajeev: 3,000 IT jobs generate 5x more payroll than 10,000 garment jobs
P. Rajeev · Growth, Migration and FDI: The Real Kerala Story with Minister P. Rajeev · Jul 18, 2025 · at 13:23
P. Rajeev, Kerala's Minister for Industries, explains why Kerala prioritizes attracting high-skill IT companies over low-wage manufacturing.
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“If you are giving all incentives to a garment industry, 10,000 people are working there. Average salary is 10,000 rupees. That means one 20 crore per annum. If I am giving a big IT company like IBM or ACL or Cognizant or any other companies, 3000 people is working there. Average salary is 20 lakh per annum. That means 600 crore per annum.”
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