New NIMZs will hook in more investments: CM

New NIMZs will hook in more investments: CM

New NIMZs will hook in more investments: CM

Fast-tracking the development of National Investment and Manufacturing Zones (NIMZs) in Tumkur, Gulbarga and Kolar will help the Karnataka government attract more investments into the state, said state Chief Minister Siddaramaiah on Friday.

He was speaking at an interactive session with industrialists organised by the Bangalore Chamber of Industry and Commerce (BCIC).

Noting that industries and services sectors play a key role in boosting national and state GDPs, Siddaramaiah said that the Karnataka Department of Industries has been striving to bring in more industries into the state.

“We have initiated various sector-wise policies to lure in more industries into Karnataka. Going forward, the new information technology policy and the Rs 1,000-crore textiles policy will give a fillip to exports from these two sectors,” Siddaramaiah said.

The government is keen to discuss further policy moves through constructive discussions with various industry bodies, investors and other stakeholders before finalising them, he said.

“We are pushing new project applications more proactively through our single windows clearing agency with the aim of according them clearance with minimum delays.

Entrepreneurs and investors have been finding our new online service (Karnataka Udyog Mitra) for monitoring the status of their projects very useful,” Siddaramaiah added.

BCIC President H V Harish urged the government to facilitate faster development of infrastructural facilities along the Bangalore-Chennai Industrial Corridor to support the huge number of medium and small-scale enterprises slated to start operations in this upcoming industry belt. “If the industries get more verticalised, we are sure that the pressure on land will ease,” Harish said.

He said that the Bangalore Chamber of Industry and Commerce is planning to organise a Karnataka Economic Summit on November 10 and 11 to get investors and industry leaders on a common platform.

“We are working actively with the government to bring about inclusive economic growth and are keen to expand our engagement further,” Harish said.

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