JOIN USChief Minister Siddaramaiah, on Tuesday, announced that at least 20 per cent of land possessed by Karnataka Industrial Areas Development Board (KIADB) would be given to small scale industries.
Inaugurating the golden jubilee celebrations of Karnataka State Small Industries Development Corporation, he said the State would invest Rs 15,000 crore in small scale industries and hopes to create 15 lakh jobs in the State.
“Prominence would be given to those left behind in the 2014-19 state policy. Women, disabled and those from backward classes would be motivated to start small scale industries of their own,” Siddaramaiah said.
Following requests from industrialists, trade license has been issued to small scale industrialists. Their request to decrease the lease period from 90 years to 10 years would be looked into, he added.
Siddaramaiah said it was only a rumour that Karnataka was losing industrial investments to other states. “About 53 per cent of Hyderabad’s pharmaceutical industries have come to Yadgir.
During recent legislature session in Belagavi, representatives of Kolhapur Industrialists’ Association met me and have shown interest in investing in Belagavi, should the industrial area be developed. The government would soon do the needful and designate a suitable area for the same in Belagavi,” he added.
Energy Minister D K Shivakumar said a dedicated feeder would be put in place to ensure round the clock power supple for small scale industries in the State.