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| Overseas remittance |
We keralites should thank our Mamas, Pappas, Uncles, Aunts, Brothers, Sisters for funding our growth and sustenance. Often I used to wonder how we as state would fare, had we not have this remittances.
Imagine the crores of money getting deposited in our NRI accounts, and also the havala transaction, which contributes to our economy. This kind of remittance didn’t start overnight. Probably, it might have started in early 50’s, 60’s or 70’s when Malayalees started to explore region like Singapore, Ceylon, and Middle East region.
Though Gulf region is not that lucrative as before, still a significant portion of remittance is from those region. Somehow, we have learned to adjust with the new realities and compensation packages of these places.
How long will this last…
It’s time we Keralities look for small business option from our native place, rather than working as slaves and second class citizens in other countries. While, it’s easy to say this, it calls for planning and understanding of what could be done in our state.
The answer would be different for each person. A person with specialized skills may find employment easily, or a person who understand Internet Marketing, could utilize different digital channels to promote a knowledge transfer business model.
In one of the earlier business idea blog, I have listed around thirty business ideas. I hope, you might find something useful from the SMB ideas listed there.
Additional Notes:
Alcohol money to run the sate – Report in Business Line
Flossy Ideas, Meetups and Views 