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Karnataka Industrial Policy 2009-14 English

Karnataka Industrial Policy 2009-14 English

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Karnataka Industrial Policy 2009-14

Department of Industries and Commerce
Government of Karnataka

# 49, 2nd floor, South Block, Khanija Bhavan, Devaraj Urs Road, Bengaluru – 560001.

1

Proceedings of the Government of Karnataka
Sub. : Karnataka Industrial Policy 2009-2014. Read: 1. G.O.No.CI 167 SPI 2001, Bangalore dtd: 30.06.2001 2. G.O.No.CI 319 SPI 2005, Bangalore dtd: 26.08.2006 *** Preamble : Karnataka is one of the Industrially forward States of India. The State has a host of large ind
Karnataka Industrial Policy 2009-14

Department of Industries and Commerce
Government of Karnataka

# 49, 2nd floor, South Block, Khanija Bhavan, Devaraj Urs Road, Bengaluru – 560001.

1

Proceedings of the Government of Karnataka
Sub. : Karnataka Industrial Policy 2009-2014. Read: 1. G.O.No.CI 167 SPI 2001, Bangalore dtd: 30.06.2001 2. G.O.No.CI 319 SPI 2005, Bangalore dtd: 26.08.2006 *** Preamble : Karnataka is one of the Industrially forward States of India. The State has a host of large ind

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07/28/2011

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Karnataka Industrial Policy2009-14
 
Department of Industries and Commerce
Government of Karnataka
# 49, 2
nd
floor, South Block, Khanija Bhavan,Devaraj Urs Road, Bengaluru – 560001.
 
 
 1
 
Proceedings of the Government of Karnataka
 
Sub
. : 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***
Preamble :
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.
 
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 Today, SME sector does get special attention and support all over the World,even in the developed countries. Realizing this fact, the Central Govt.enacted Micro, Small & Medium Enterprises Development Act, 2006facilitating the growth of MSME sector in the Country. In line with thephilosophy of the MSMED Act, it is imminent for the State to focus more onMSME sector. This Act provides a clear status for enterprises engaged inservice activities and a clear cut definitions for medium scale enterprises. Itis felt that, these features need to be suitably incorporated in the currentindustrial policy of the State to provide better edge to the MSME sector of the State.The Government is committed for implementation of Suvarna KarnatakaDevelopment Corridor Programme throughout the length & breadth of theState. This corridor will give added fillip the overall development of thedistricts covered under the programme. In complement to this corridor fourmajor industrial corridor with 8 lane roads will also be developed. Toharness the local natural and human resources sector specific zones will alsobe established across the State.Further, the State is endowed with rich natural resources across the State andsuch resources need to be optimally utilized for the benefit of local people.Value addition to the resources is one of the way for optimizing the wealthavailable locally. This will also help for uniform spread of industries andeconomic activities throughout the State and will accelerate the pace of development especially the districts of North Karnataka. Through thesemeasures, the Government would be able to readdress the much talked aboutissue of regional imbalances in development.The State also felt the urgency of providing stimulus measures for industriesand service sector to combat the ill effects of the financial crisis prevailingglobally. The state is committed to initiate certain measures to providetemporary relief to the industry & service sector to overcome the presentsituation.Keeping all these facts in view, the State Govt. felt the necessity of bringingout a New Industrial Policy for this period of next five years. The mainobjectives of this exercise is to make the policy more attractive to theentrepreneurs as well as investors irrespective of the size of investment.

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