The 40-year-old Republican, son of Indian immigrants from Jammu and Kashmir, is likely to face incumbent Jerry Brown, who is yet to declare his candidature for re-election scheduled to be held later this year.
Keshkari, the architect of the US' bank bailout at the height of the 2008 recession, said the Indian-American community has made its presence felt in every sphere of life.
Keshkari, who has raised over USD 900,000 in the two weeks after announcing his decision to enter the governor's race, said his family members, including his parents, are very excited that he is in a position to run for the post.
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"We are establishing ourselves as the premier Republican ticket to challenge Governor Brown. And so far the feedback has been excellent," said Keshkari.
He said his Indian-American heritage will be advantageous for him during the election for the highest political post in the state, which is highy diverse ethnically.
"I think it is helpful because California is a State of immigrants so many people have come to California from around the US and from around the world and one of my goals is to bring many different ethnicities in the Republican Party," he said.
If elected, he would be the third Indian-American governor after Louisiana's Bobby Jindal and South Carolina's Nikki Haley. Incidentally all the three are Republicans.
Describing India as very powerful growth engine, he said India need to pursue a very aggressive economic reform to allow entrepreneurs to prosper.