2014-19 Industrial Policy

Government of Karnataka with a vision build a prosperous Karnataka through inclusive, sustainable and balanced industrial development thereby creating large employment opportunities announced Industrial Policy in 2014 on 01.10.2014. The objectives of the policy are as follows:

i. To maintain an industrial growth rate of 12 % per annum.

ii. To enhance the contribution of manufacturing sector to the State GDP from present level of 16.87% to 20% by end of policy period.

iii. To attract investment of Rs. 5.00 lakh crore.

iv. To create employment opportunities for 15 lakh persons.

v. To create an environment to enhance ease of doing business in the State.

Government desires to achieve these objectives through the following policy measures:

i. Creation of quality infrastructure with comprehensive facilities.

ii. Human resource development through capacity building and skill up gradation.

iii. Simplification of facilitation mechanism and procedural reforms.

iv. Thrust for Hyderabad Karnataka area.

v. Special thrust for encouraging SC/ST entrepreneurs, Women entrepreneurs, Non Resident Kannadigas (NRKs) etc

vi. Encouragement for export promotion.

vii. Support for R&D and Digital Direct Manufacturing.

viii. Encouragement for Anchor industries.

ix. Attractive incentives and concessions.

View/Download 2014-19 Industrial Policy: Click here

District Industries Center Shivamogga is extending the benefits of this policy and enabling the industrialists to avail the incentives and concessions so as to create a conducive atmosphere for industrial investment in Shivamogga district.

View/Download the details of Incentives and Concessions available to Industrial Units under 2014-19 Industrial Policy: Click here

Industrialists investing in Shivamogga district can approach DIC for availing the Incentives and Concessions under 2014-19 Industrial Policy.