Investors' Roundtable Conference of Viksit Bharat @2047 held in Bengaluru

Bengaluru: The Investors' Roundtable Conference of Viksit Bharat @2047 was held on Saturday in Bengaluru.

Amardeep Singh Bhatia, Secretary to Govt, Department of Promotions of Industry and Internal Trade(DPIIT), Government of India, emphasized the importance of the development of National Industrial Corridor Development Programme (NICDP), which includes 20 industrial parks equipped with sector-specific facilities ranging from water and power supply to electronics testing and solid waste management as a model for adoption by southern states.

A round table discussion was held with the Principal Secretaries of the Industries and Commerce Department of Karnataka, Tamil Nadu, Telangana, Andhra Pradesh, Kerala, Puducherry and Andaman and Nicobar. “We held discussions with the stake holders across the state to increase collaboration to set up world-class infrastructure, robust MSME support and deep-tech,” said Bhatia.

Dr S Selvakumar, Principal Secretary, Industries and Commerce Department,announced that the state’s single-window clearance system now covers 105 of 153 services, streamlining approvals.

Speaking at the press briefing, he said, “The tax collections in Special Investment Regions (SIRs) will now be directly handled by the Karnataka Industrial Areas Development Board (KIADB), with 70% of proceeds reinvested into infrastructure. A lot of infrastructure issues were reported. We have discussed it and are looking for solutions.”