JOIN USThe State government plans to offer around 190 infrastructure-related projects under the public-private partnership (PPP) mode, Industries Minister Murgesh Nirani announced here, on Thursday.
Addressing a gathering of industry captains at an interactive session organised by the Bangalore Chamber of Industry and Commerce (BCIC) Nirani said the government in a bid to encourage PPP mode, will introduce a law to facilitate, regulate and mitigate risk in infrastructure projects. “The Bill will help creation of a Karnataka Viability Gap Fund to the tune of Rs 500 crore to aid these infrastructure projects besides tapping some of the similar such funds from the Centre,” he said.
Referring to the Global Investors Meet scheduled for June 6 to 8, Nirani said that over 10,000 business delegates will interact and network with business leaders and policy makers. BCIC President Dr Vinod Nowal said a few thorny issues were holding up fresh investments and expansion plans of the existing units in the State. He suggested smooth transfer of land to industry, single window clearances of various licences and overall improvement in the infrastructure facility to attract investments into the State.