State's new industrial policy in a week's time

Interested entrepreneurs to get sops from State

The new Industrial policy which was expected to be implemented in the State from April 1 was delayed, as model code of conduct was in vogue. Interacting with entrepreneurs in the city on Sunday, Minister for Industries Murugesh Nirani informed that the policy offers sops for entrepreneurs interested to invest in the State and for the those planning to modernise and upgrade the existing units.

Global investors meet will be held in Bangalore in November after a gap of nine years. Investors will be convinced of the infrastructure and man power available in the State. The meet is expected to generate 1 lakh job opportunities, he informed.

State government which is aware of the crises faced by the industrialists due to the global economic recession has planned to revise the tariff of KIADB sites in all districts except Bangalore. To avoid the misuse of KIADB sites by real estate agents, government will take back the sites in which beneficiaries have failed to establish the industries, he stated.

Industrial adalats

Commenting on legal disputes over the sites allotted by KIADB, he said that a committee comprising retired judge and a senior advocate has been formed to settle the problems. Industrial adalats are also held at divisional-level on regular basis to address the problems faced by the entrepreneurs, he informed.

Chief Minister will chair a meeting with representatives of FKCCI, CII and other business and industrial bodies on June 25, where issues related to tax concession, financial assistance for sick units will come for discussion, he said.

To ensure sufficient availability of land for industrial purpose, the State government has planned to establish land bank. One lakh acre of non-agriculture and single crop land will be acquired in phases. A circular has been sent to the Deputy Commissioners of 18 districts to begin the land acquisition process. Details of the availability of land will be uploaded on the website of the Department of Industries. The district-wise details regarding the availability of land, raw materials, infrastructure and the human resource will also be displayed on the web, he informed.

Minister criticised the lending policies of the Karnataka Small Scale Industries Development Corporation and Karnataka State Industrial Development Corporation. Many industries are in the red due to the unscientific lending policies of these corporations. He said that the lending policies will be overhauled and the bottlenecks in the process will be addressed.

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