2009-14 Industrial Policy

To build prosperous Karnataka through development of human and natural resources in a systematic, scientific and sustainable manner Government of Karnataka announced Industrial Policy 2009-14 on 28.02.2009. The main objectives of the policy were;

1) To create enabling environment for robust industrial growth.

2) To ensure inclusive industrial development in the State.

3) To provide additional employment for about 10 lakh persons by 2014.

4) To enhance the contribution of manufacturing sector to the State’s GDP from the current level of 17% to 20% by the end of policy period.

The strategies adopted to achieve these main objectives were;

1. Classification of the taluks of the State into four zones depending on backwardness of the taluks and also based on broad guidelines of Dr. D M Nanjundappa Committee Report.

2. Thrust on provision of world-class infrastructural facilities for industries with active participation of private sector/ industry.

3. Implementation of Suvarna Karnataka Development Corridor Programme (SKDCP) through length & breadth of the State and develop industries at the potential locations along with corridor.

4. Development of four 8 lane industrial corridors under SKDCP.

5. Development of sector-wise industrial zones for optimal utilization of local natural and human resources so as to minimize migration of people to urban centers.

6. Simplification of land acquisition procedures with emphasis on inclusive development.

7. Safeguarding the socio-economic interests of both farmers and investors while acquisition of land.

8. Preferential treatment for MSME sector enabling to meet the global challenges.

9. Attractive employment and performance linked package of incentives and concessions to attract investments to backward regions and also to provide a leverage to MSME sector.

10. Thrust on development of MSME Sector through attractive package of Incentives & Concessions.

11. Tailor made package of incentives to larger projects having wider positive implications on the State’s economy to leverage a better edge over other competing states.

12. Additional incentives for entrepreneurs belonging to under-privileged sections of the society to bring them to the main stream in order to achieve much needed inclusive growth.

13. Focus on skill development in order to enhance the employability of youth especially women and also to make ready-to-employ human resource to the industry.

14. Inculcate entrepreneurial qualities amongst local youth in general and women in particular and motivate them to take up self employment by extending handholding support.

15. Create level playing environment for all investors / private sector players by enhancing the facilitation mechanism enabling to do their business with ease and less transaction cost.

16. Appropriate provisions for the protection of environment and to encourage energy & water conservation measures in industry/ projects through go-green strategy.

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