From Our Special Correspondent
Daijiworld Media Network - Bangalore
Bangalore, Jan 23: The State Government has proposed to provide 3000 smaller dimensioned plots measuring 1500 sq.ft to 5000 sq.ft. at reasonable prices to local first generation entrepreneurs, preferably to candidates who have successfully completed State Entrepreneurship Development Programmes.
In addition, land acquisition procedures and necessary amendments to Karnataka Land reforms Act and KIAD Act are being simplified to help entrepreneurs.
The announcement has come in view of the forthcoming CII Partnership Summit 2014 being held in Bangalore from Jan 27 to 29 to help the first generation entrepreneurs.
Together with this, supply of Secondary/Tertiary treated water is also planned for existing or proposed notified industrial areas.
An increase in power generation is also visualised. It is to be noted that Karnataka is ranked 2nd in installed hydro capacity at 3656 MW.
The state is also the third largest generator of energy in India, through Renewable Energy Sources.
Upgrading the existing industrial areas into industrial townships is also visualised through public private partnership model of implementation.
Balanced Regional Development
The State Government strategizes to bring about a balanced regional development across Karnataka as part of a larger plan during the CII partnership summit.
To this end, there will be reclassification of taluks of the state into Zones depending on Industrial backwardness of taluks based on broad guidelines of Dr DM Nanjundappa Committee Report.
The reclassification of taluks will help spreading the infrastructural development evenly across the state.
While it helps investors to find cost-effective land holding and infrastructure, it also helps in distributing the employment possibilities to the under developed taluks of the state.
Encouraging the first generation entrepreneurs would not only help the state to build more manufacturing units, also would act as support systems for the already established businesses.
A special plenary session on Karnataka at the CII Partnership Summit 2014 would provide prospective investors and entrepreneurs a platform to participate and gain considerable leverage for their business growth.
In short, it is for anyone to see that the best times are ahead for entrepreneurs and investors who forge ahead along with the state's development agenda.
The CII Partnership Summit 2014 ensures to facilitate these developments at the earliest.