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State to hold investors' meet in Hyderabad

Staff Correspondent

Government to offer land at reduced cost and tax benefits


  • Special Economic Zone to be set up in Bidar
  • Rs. 70 crore to be spent on skill development programmes for youth
  • Experts to study why industries became sick in Kolar and Naubad

    Bidar: To attract investment in Bidar, the State Government will organise an investors' meet in Hyderabad in September.

    "We will explain our policies to potential investors and offer benefits and incentives such as land at reduced cost and tax benefits. We will organise such meets to promote industrial development in other towns also," Industries Minister Katta Subramanya Naidu said in Bidar on Wednesday.

    He was speaking at a seminar on "Technology upgradation of agro-processing industries" organised by the Industries Department and district Small Scale Industries Association.

    A committee of officials, chambers of commerce and industries and entrepreneurs would be in charge of the investors' meet. It would be chaired by district in-charge Minister Bandeppa Kashempur, he said.

    A multi-product, export-oriented Special Economic Zone would be set up in Bidar. It would focus on agro-based and dairy industries, he said.

    The Government would also start SEZs in Koppal, Belgaum, Tumkur, Kolar and Bangalore rural, on public-private partnership.

    Two SEZs were coming up in Hassan and Shimoga, he said.

    Industrial policy

    The Government would clear the State's industrial policy at the next week's cabinet meeting. The Finance Department has already cleared it, he said.

    The Government would spend Rs. 70 crore for skill development of unemployed youth under the "Vajpayee Skill Development Programme".

    Sumitra Iyengar, president of the Association of Women Entrepreneurs of Karnataka, said the association would carry out research and development to help women entrepreneurs. "We will also organise skill development programmes in embroidery, dairy and other industries," she said.

    Karnataka Industrial Area Development Board Executive Director G.N. Nayak said a team of experts would study the causes behind industries becoming sick in Kolar and Naubad industrial areas.

    He said a common effluent treatment plant for industries in the area was not feasible now. "We will set up one when more industries come up," he said.

    Bidar Small Scale Industries Association president Shivraj Halshetty and general secretary Gundaiah Phobba were present.

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