Creation of 15 lac jobs is target of Karnataka’s new industrial policy


From Our Special Correspondent
Daijiworld Media Network - Bangalore

Bangalore, Sep 11: The eagerly looked forward new Industrial Policy of Karnataka, which is expected to be unveiled in the next few days, has an ambitious target of creating 15 lac new jobs in the next five years.

The first major landmark before the announcement of the new industrial policy is the approval of the State Cabinet.

The State Cabinet, which met under the chairmanship of the Chief Minister Siddaramaiah in Bangalore on Thursday, approved the draft of the new industrial policy for the period 2014-19.

After getting the State Cabinet approval, the new industrial policy providing insights into the intent and action plans of the government is just a step away from being made public.

Karnataka’s Law and Parliamentary Affairs Minister T B Jayachandra, who briefed reporters after the State Cabinet meeting, said the key feature of the policy is to attract investment of Rs 5 lac crore by 2019.

Tax related incentives offered is in the form of interest free loans of 100 per cent of value added tax (VAT) and Central sales tax (CST) with the maximum of 100 per cent of value fixed asset for a period of 7 to 14 years depending upon investment and zone.

As part of the measures to enhance the contribution of the manufacturing sector to the State GDP to 20 per cent, the policy seeks to abolish trade licenses for micro, small and medium enterprises (MSMEs) in municipal areas, Jayachandra said.

One of the distinguishing features of the policy is the increase in the number of industrial zones to six from the four that exists now.

This would translate into easier decision making on issues concerning industries across the 176 taluks that comprise the six zones.

Jayachandra said the new policy classified 176 taluks into six industrial zones against four in 2009-14 policy.

He said a notification was issued on Thursday for deemed conversion of agriculture lands for non-agriculture purposes to reduce the time taken in according approval for purchase of land under Section 109 and also for converting agriculture land for industrial purposes.

``Lands allotted for industrial purposes will not be allowed to be used for any other purpose other than industrial purposes,” he said.

This will help or facilitate purchase of land up to 25 to 30 acres without extensive regulatory procedures and permit deemed conversion for such land within a stipulated time.

The minister said under the new industrial policy, the Karnataka Transparency in Public Procurement Act would be amended to procure more items manufactured by MSMEs by the Government and semi-government agencies.

The list of items manufactured by SMEs shall be increased from 28 to 358.

The State Cabinet on Thursday also decided to fill 452 Group A and B posts through the Karnataka Public Service Commission by issuing a fresh notification.

Jayachandra said no age relaxation would be provided while filling 452 vacancies by the KPSC.Posts will be filled as per the Hota Committee recommendations accepted by the Government, he said.

  

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Comment on this article

  • mohan, mangalore

    Sun, Sep 14 2014

    Creating the jobs is very good,But 90 % of job goes to outsiders, Local are struggling to get the job, government should do strict reservations for locals.

    DisAgree Agree Reply Report Abuse

  • Joyal, udupi

    Fri, Sep 12 2014

    Dear bro,
    Don’t think about that they will create the IT parks in UDUPI/Mlore if they create then blore will empty as soon as possible. Because most of the ppl are working in blore they are belongs DK/MLORE/UDUPI.
    And our elected ppl they are not bother about those things ,they are busy in making the roads and bridges from last 50 years. Our cities comes top educative cities in Karnataka but no jobs for them. Sad but very true.

    DisAgree Agree [2] Reply Report Abuse

  • Pramod, Kundapura

    Fri, Sep 12 2014

    no use all jobs will goto outsiders like tamils mallus and telugus or biharis

    DisAgree Agree [12] Reply Report Abuse

  • raghavendra m k, mumbai maharashtra

    Fri, Sep 12 2014

    Sidduji is taking the state in development sphere.Efforts of S M Krishna, IT industry in Bangalore and other districts, karnataka become country's largest IT hub.Let the state prosperous in all direction and eradicate communal hatred. Let us love each other and live together to participate in the development and progress of the state .

    DisAgree [1] Agree [4] Reply Report Abuse

  • ek, bejai

    Fri, Sep 12 2014

    create some industries in DK and udupi area
    set up some IT parks and other industries, DK has the potential but none of our elected representatives are doing anything

    DisAgree [1] Agree [12] Reply Report Abuse

  • j.anata, Mangaluru / Bengaluru

    Fri, Sep 12 2014

    Even if 10% of this figure is achieved in the next 4 years (or until Siddu Govt lasts) its a huge achievement

    Surviving solely on populist schemes & minorit appeasement, there has been nothing done by the Govt to address peoples concerns & improve law & order. This is one of the highly inefficient, vendetta based & corrupt team of ministers led by Siddu...They did not get popular votes & people support, Congress won last year due to splitting of opposition votes

    DisAgree [5] Agree [4] Reply Report Abuse

  • Nannu, Managlore

    Fri, Sep 12 2014

    to implement this one separate minister is required.. CM is holding so many portfolios.. it is practically impossible for the CM to implement this.. When ever you talk about Industries in Karnataka only name gets emerged for the minister ....hope guys can guess over here...

    DisAgree Agree [3] Reply Report Abuse

  • Ravi B Shenava , Mangalore

    Fri, Sep 12 2014

    Karnataka Govt Creates Jobs,
    and the Biharis and Malayalis grab it.

    DisAgree [1] Agree [14] Reply Report Abuse

  • Jossey Saldanha, Mumbai

    Fri, Sep 12 2014

    I hope these figures are GENUINE ...

    DisAgree [2] Agree [11] Reply Report Abuse

  • For Justice, Abu Dhabi / Ubar

    Fri, Sep 12 2014

    In 15 lakhs,please reserve few hundred jobs to the jobless goons of D K & Udupi.

    DisAgree [3] Agree [8] Reply Report Abuse

  • Ahmed, Mangalore

    Thu, Sep 11 2014

    There are thousands of qualified job aspirants looking for jobs and finding nothing. I hope that jobs will be waiting for each and every qualified students as soon as they complete studies in near future. Hope none has to struggle the way they are struggling now.

    DisAgree Agree [10] Reply Report Abuse

  • Kamath, Udupi/Bangalore

    Fri, Sep 12 2014

    Mr Ahmed,
    The reason is very clear. Karnataka govt is generating jobs by giving incentives to companies & grabbing lands from poor farmers. But the jobs are going to Tamilians and other state people. Believe me or not there are companies in Bangalore where population of Kannadiga's in companies in bangalore is less than 5%. On an average it is around 10% where as in Chennai, Hyderbad, Kolkatta it is over 90%. Im not saying we should be against outsiders but why the companies dont find qualified people in here, when the first thing they assure is jobs.

    Last week I read an article about Siddu's taking up this matter of low local employment but not sure if it is an eye wash. If its for real, I salute Sidduji for that. Hope he persists and generate employment for people of Karnataka.

    DisAgree Agree [13] Reply Report Abuse


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