Incentives and concessions not priority, says Karnataka industries minister

Incentives and concessions not priority, says Karnataka industries minister

Mangalore Today News Network

Mangaluru, Sep 11, 2015 : States across India are neck to neck competing with each other in getting  investment, minister for large and medium industries R V Deshpande Sept 10,  urged the industry to take into account factors like infrastructure, human resource, ease of doing business and good investor relations while making investments in any state and not merely ask for incentives and concessions.

Karnataka will assure what it can implement and not make tall promises. We will ensure that those willing to make investments in the state make great fortunes,  Deshpande said inaugurating the ’Invest Karnataka-2015: Road Show,’ organised by The Associated Chambers of Commerce and Industry of India (ASSOCHAM).

Deshpande said he will prefer listening to the industry leaders rather than the bureaucrats while drafting various industrial policies.

He also sought clarity on ’Make in India,’ mission of the union government and supported it.  It sounds good  clarity on it is not yet clear.

The government of India should come with clarity on this programme and how the state government can be brought on board the programme.  State government will extend all support in terms of incentives and concessions to the industry for making investment across sectors.

The state government is also working on a policy to promote start-ups and entrepreneurship in the state. Besides, the state authorities are consulting various stakeholders and seeking industry’s suggestions as it is working on a new food processing policy. Investor community in Delhi had pledged investments worth about Rs 2,500 crore in various sectors including agriculture, energy, aerospace and defence and discussed their proposals to set up operations in Karnataka.

Minister Deshpande said  very encouraging discussions with investors here about starting operations in Karnataka were on going. It is a promise to  ensure maximum ease of doing business for these companies who together would invest around Rs 2500 crore across sectors including agriculture, energy, aerospace and defence and automobile sector.