The Hindu : Karnataka News : Fillip to industries

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Friday, Jun 20, 2008
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Karnataka

Karnataka

Fillip to industries

Over the years, many visionaries have ensured that Karnataka would remain as one of the top industrialized states in the country.

The initiatives taken, pre-independence as well as post-independence, have yielded desired results and now Karnataka is one of the top 5 industrialised State. The State was the first in the country to come out with a State Industrial Policy in 1983, followed by successive State Industrial Policies in 1988, 1990, 1993, 1996 and 2001.

The Industries Minister Murugesh Nirani said that the Government would review the Industrial Policy formulated in 2006, and will come out with fresh policy in three months. The Government will grant industrial projects in non-fertile land particularly in north Karnataka.

Nearly 120 proposals for industries involving a total investment of around Rs. 20,000 crore are before the Governement for approval.

About 90 proposals will be given approval through single-window system under Udyog Mitra scheme.Minister for Information Technology and Bio-technology Katta Subramanya Naidu has said that he would come out with a scheme to encourage IT and BT companies to set up units in the backward districts and tier II cities. The Udyog Melas, a scheme to provide training employment to educated unemployed youth will continue.

The scheme had generated interest among youth and many from rural areas have registered for the scheme.

At a recently held job fair in his constituency, about 1,500 youth attended, in which more than 25 companies participated. Mr. Naidu was confident that the software exports from the State would double from Rs. 50,000 crore to Rs. 1 lakh crore. He also would ensure that the State retains its global status in IT and BT sectors.

Tourism industry will also a get a big boost. Government-owned properties have been identified for investment. Investors can develop projects ranging from lodging, hotels, amusement parks, amenity centres etc.

Way side amenities with cafeteria, toilets, mini-store, pharmacy etc will be established on Government land for every 150 km on highways leading to major tourist destinations. Karnataka has always been at the fore front of industrial growth in India. With its inherent capabilities coupled with its enterprising citizens, Karnataka provides the ideal choice for investment opportunities.

The Government with these programmes, retain the State’s pre-eminent position.

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