“I believe that for Kerala to emerge as a strong and vibrant economy, we have to emerge from within and empower our talented youngsters to be job creators and not job seekers; it requires a paradigm shift in our society. To facilitate such a shift and encourage entrepreneurship amongst the students in Kerala, we will be putting in place a landmark Student Entrepreneurship Policy in the State,” said Oommen Chandy.

Prime Minister Manmohan Singh also addressed the gathering which had a diplomatic community of foreign and domestic investors, experts from diverse fields; he said “The remittances from more than two million Keralites, who work outside India, in the Gulf countries and elsewhere, constitute more than 22 per cent of the gross domestic product or GDP of the State. This can perhaps be said to be the backbone of the economy of Kerala and has been so for the last four decades.”

The State Government expects a lot in return from this policy, Chief Minister added saying that “We expect this will give the Students time to pursue entrepreneurship and innovation during their studies and unleash the intellectual power of the youngsters towards entrepreneurship.”