INCENTIVES
Pro-active
State Support
Government
of Karnataka offers an excellent and attractive package of incentives and
concession to new investments like Subsidy, NA Conversion Fine, entry Tax
Exemption and Incentives on ISO accreditation etc. The Department of Industries
and Commerce is the first department to introduce a total deregulation of
businness environment in the state. A Bill to provide for the promotion of
industrial development and facilitation of new investments is announced. The
main aims are to simplify the regulatory framework by reducing procedural
requirements and rationalising documents and to provide an investor-friendly
environment in the State through single point guidance and assistance, both at
district and state level