From Our Special Correspondent
Daijiworld Media Network
Bengaluru, Nov 2: Large and Medium Industries Minister Murugesh Nirani announced that regional integration and promotion of industries beyond Bengaluru in Tier-2 and 3 cities like Mangaluru, Mysuru, Tumakuru, Hubballi-Dharwad and Kalaburgi is the goal of Karnataka.
Addressing the inaugural session of the prestigious Global Investors Meet 2022, which was virtually declared open by Prime Minister Narendra Modi at Bengaluru Palace Grounds on Wednesday, the minister said the State Government is developing 5 airports in different parts of the State to offer better and speedy air connectivity.
“Our aim is to take FMCG sector to Rs 10,000 crore investment in next few years and provide one lakh employment,’’ he said pointing out that more than 70 % of investments are coming up in Beyond Bengaluru region.
Nirani said world-class industrial and logistics parks will be developed across Karnataka which will be developed by renowned private companies such as Japan-based Marubeni Corporation, ESR – Indian company, Indospace –Indian company and Welspun One Logistics Parks – Indian Company
These companies would make an investment of over Rs 15,000 crore or approximately 2 billion dollars, he said.
“Our job is not done soon after your investments. The Government of Karnataka will be setting up an Investor Aftercare Cell. This is being done to take care of your proposals and our promises,’’ Nirani said.
The minister said Karnataka is showcasing itself as the ultimate destination for investment to potential investors and explained: “This is my 3rd Global Investors Meet as an industries minister. The first 2 Investors Meet in 2010 and 2012 saw investments of over Rs 10 lakh crore. This was also possible due to our former Chief Minister B S Yediyurappa.’’
“Through Invest Karnataka 2022, we are aiming to propel the state to the next level of industrial development and growth. Sector-wise policies like the ESDM Special Incentive package, EV policy, and ER &D (Engineering Research and Development) policy provide best-in-class incentives,’’ he said adding: Instead of earlier 99-year lease system, we have introduced “10-year lease-cum-sale” of KIADB land allotted for industries.
The minister claimed that this industry friendly government has also introduced a system where clear titles (sale deeds) of the allotted land will be handed over to industrialists once the allottees successfully run the project for two years. The State Government has introduced a system to ease the process of allotting industrial land of up to 10 acres.