Proceedings of the Government of Karnataka
. : Karnataka Industrial Policy 2009-2014.Read: 1. G.O.No.CI 167 SPI 2001, Bangalore dtd: 30.06.20012. G.O.No.CI 319 SPI 2005, Bangalore dtd: 26.08.2006***
Karnataka is one of the Industrially forward States of India. The State has ahost of large industries ably supported by a strong base of Micro, Small andMedium Sectors. Due to inherent advantages of the State, the industry andtrade sectors including service sector are propelling the overall economicdevelopment of Karnataka.Today, Karnataka is one amongst the industrially developed States in theCountry. The State has all potential to stand out on the fore front and hasbeen focusing on development of industries, trade & service sector inKarnataka. Due to the progressive policies and proactive measures of theGovernment and also the contribution of entrepreneurial fraternity andinvestors, today Karnataka has been recognized as one of the preferreddestinations for both investment and to live in.This fact is evident from the statistics that, during the years 2006-07 and2007-08 the State High Level Clearance Committee has approved 173projects with aggregated investment of Rs.2,50,779 crores which willprovide employment opportunities for about 28 lakh persons uponimplementation. Further, the State Level Single Window ClearanceCommittee has cleared 1609 projects with investment potential of Rs.22,234 crores and employment opportunities for about 10.72 lakhpersons.The State Government enunciated its New Industrial Policy 2006-11 videG.O.No. CI 319 SPI 2005, Bangalore dated 26.08.2006. This policy laidemphasis on development of infrastructure and human resource in additionto other measures. This policy had its own impact in accelerating the pace of development of industries & trade. The Gross State Domestic Product(GSDP) of Karnataka has registered a growth of 6.9% during 2007-08against 6.2% during the previous year. The share of industry in GSDP hasalso increased to 16.65% during 2007-08, when compared to 16.51% during2006-07.