NEW POLICY INITIATIVES BY GOVERNMENT OF KARNATAKA

To boost industrial investments

§         New and vibrant Industrial Policy 2006-2011 to promote public private Partnership, to give impetus to technology initiatives, to promote knowledge based industries, provide quality infrastructure supported by incentives like state investment subsidy and entry tax, exemption, NA conversion fine exemption etc.

§         An exclusive Export Promotion Policy 2002-2007 to provide support to boost up exports, to motivate industries to export, to enhance potential.

§         An exclusive Industrial Promotional Policy for Agro Food Processing Industries.

§         A new millennium Biotech Policy to promote biotech industries.

§         An excellent package of reliefs and concessions for revival/rehabilitation of sick industries.

§         Constitution of an Advisory committee under the chairmanship of Hon’ble Minister for Large, Medium small scale Industry and Infrastructure Development.

§         Constitution of State High Level Clearance committee (SHLCC), State Level Single Window clearance Committee (SLCC) and District level Single Window Agency (DLSWA) for early approval of new projects.

§         Introduction of Karnataka Industrial Facilitation Act 2003-04 with a simple combined Application forum for all clearances at one go.

§         Enactment of Industrial Township Act along with introduction of Industrial Infrastructure fund for in improvement of infrastructure in the districts.