Bengaluru: To promote ease of doing business, the state government has decided to set up an Industry- Government Partnership entity to provide and promote a host of services.
Announcing this at the inaugural session of ‘Invest Karnataka-2016,’ Chief Minister Siddaramaiah spelled out a strong vision for the state’s economy.
“Karnataka is a $ 120 billion economy. Let us make it as $ 700 billion economy by 2035. If India aspires to grow at 9 per cent let us aspire Karnataka to grow at 10 per cent,” he said, addressing the prominent industrialists and business bigwigs from around the country and the world, who have descended on the city for the three-day investors’ meet .
“The World Economic Forum has identified Karnataka among the top four innovation hubs in the world and Bengaluru has been ranked as the fourth largest global tech cluster after Silicon Valley, Boston and London. Over 400 of the biggest Fortune 500 Companies have made Karnataka their home and continue to invest in the state,” he noted.
Pointing out that Karnataka was home to more than 400 R&D institutions and innovation centres of global brands , he said perhaps no other region in the world could boast of such a concentration of brands.
The Chief Minister revealed the state government had decided to provide 500 acres for a urea plant in North Karnataka and another 100 acres for establishing a centre of the National Institute of Pharmaceutical Education and Research Centre (NIPER)
Responding to Union Minister for Fertilizers and Chemicals, Ananthkumar’s appeal to the state government to provide land for a urea plant in North Karnataka and for two other major institutions in the state, Mr Siddarmaiah said a decision had already been taken.
“The government has decided to give 500 acres in one of the four districts of Vijayapura, Bagalkota, Dharwad and Raichuru. We have already informed the Centre about this. We will provide whatever land is required to set up industrial units, “ he assured, announcing that another five acres had been earmarked for establishing a Research and Development centre of the Central Institute of Plastics Engineering and Technology.
