'Kerala could be as rich as Taiwan if only...': Zoho CEO Sridhar Vembu to former minister
Sridhar Vembu, CEO of Zoho Corporation, has expressed his belief that Kerala has the potential to achieve economic prosperity comparable to that of Taiwan. His comments were made in response to a tweet by Thomas Isaac, a member of the Central Committee of Communist Party of India, who highlighted the recent electoral success of the Student Federation of India (SFI) in college union elections across the state.
“I say all this as a person who loves Kerala. Kerala could be as rich as Taiwan,” Vembu remarked on X, raising concerns about the significant outflow of talented youth from the state. He pointed out that many graduates are leaving Kerala to pursue job opportunities in other states or abroad after completing their education.
The Need for Local Job Creation
Vembu stressed the importance of creating job opportunities within Kerala, noting that many entrepreneurs born in the state are establishing their businesses outside instead of contributing to local economic growth. “Large numbers of talented youth are leaving Kerala for jobs in other states or even abroad,” he stated, emphasizing the need for a supportive environment for both employment and entrepreneurship.
Learning from East Asia
He also referenced the historical context of economic development in East Asia, urging Isaac to examine the strategies of influential leaders like Deng Xiaoping of China and Lee Kuan Yew of Singapore. “Comrade Isaac should also study paramount leader Deng Xiaoping and why Deng had Lee Kuan Yew as a key advisor,” Vembu
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