<p>Large and Medium Scale Industries Minister Jagadish Shettar said his department has drafted a bill for the formation of Special Investment Region (SIR), keeping Dharwad, Shivamogga, and Kalaburagi as the centres for setting up industries in surrounding districts.</p>.<p>Speaking at an awareness programme on ‘New Industries policy 2020-25’ organised by Karnataka Small-Scale Industries Association (KASSIA) and District Industries Centre in Hubballi on Saturday, he said his department has studied the pros and cons of the Gujarat-based SIR model and has drafted a bill that will be soon placed before the Legislative Assembly. “Once it gets the Cabinet approval, it will be a game-changer for the state, as it will give more thrust to industries in that particular region,” he said.</p>.<p>The minister also said that they are working with Urban Development Department to draft plans for creating at least five to six townships in Karnataka this year, including one at Tarihal in Hubballi, and Peenya in Bengaluru. The file is with the Finance Department, he added.</p>.<p>He claimed that the legislative reforms brought in by the government have helped in attracting the highest foreign direct investment (FDI) in the state. During the eight months of Covid-19 pandemic last year, the state had succeeded in garnering 41% of the country’s total FDI of Rs 3.76 lakh crore, he noted.</p>.<p>Of the total 1,180 proposals that India received between January and October 2020, Karnataka alone received 95 proposals worth Rs 1.54 lakh crore, he said.</p>.<p>Shettar said the government is contemplating to reform the laws related to industries further to improve the ease of doing business. As part of this, the government will soon introduce a policy of reserving at least 30% of the total land in the industrial area for the MSMEs.</p>.<p>Shettar said, as per Niti Aayog, the government is developing the Tumakuru Industrial Node at an estimated cost of Rs 1,700 crore, of which Rs 600 crore will be utilised for land acquisition and the remaining amount will be shared 50:50 by the state and Central governments for providing world-class basic facilities for the industries. Nearly 4,000 acres of land will be acquired for this, he said.</p>
<p>Large and Medium Scale Industries Minister Jagadish Shettar said his department has drafted a bill for the formation of Special Investment Region (SIR), keeping Dharwad, Shivamogga, and Kalaburagi as the centres for setting up industries in surrounding districts.</p>.<p>Speaking at an awareness programme on ‘New Industries policy 2020-25’ organised by Karnataka Small-Scale Industries Association (KASSIA) and District Industries Centre in Hubballi on Saturday, he said his department has studied the pros and cons of the Gujarat-based SIR model and has drafted a bill that will be soon placed before the Legislative Assembly. “Once it gets the Cabinet approval, it will be a game-changer for the state, as it will give more thrust to industries in that particular region,” he said.</p>.<p>The minister also said that they are working with Urban Development Department to draft plans for creating at least five to six townships in Karnataka this year, including one at Tarihal in Hubballi, and Peenya in Bengaluru. The file is with the Finance Department, he added.</p>.<p>He claimed that the legislative reforms brought in by the government have helped in attracting the highest foreign direct investment (FDI) in the state. During the eight months of Covid-19 pandemic last year, the state had succeeded in garnering 41% of the country’s total FDI of Rs 3.76 lakh crore, he noted.</p>.<p>Of the total 1,180 proposals that India received between January and October 2020, Karnataka alone received 95 proposals worth Rs 1.54 lakh crore, he said.</p>.<p>Shettar said the government is contemplating to reform the laws related to industries further to improve the ease of doing business. As part of this, the government will soon introduce a policy of reserving at least 30% of the total land in the industrial area for the MSMEs.</p>.<p>Shettar said, as per Niti Aayog, the government is developing the Tumakuru Industrial Node at an estimated cost of Rs 1,700 crore, of which Rs 600 crore will be utilised for land acquisition and the remaining amount will be shared 50:50 by the state and Central governments for providing world-class basic facilities for the industries. Nearly 4,000 acres of land will be acquired for this, he said.</p>
