Karnataka to set up 3 manufacturing zones for new industries

Bangalore, July 5 (IANS) The Karnataka government would set up three National Investment Manufacturing Zones (NIMZ) across the state to become a preferred location for new industries, Chief Minister Siddaramaiah said Friday.

"The central government has granted approval to set up an NIMZ in about 12,000 acres of land near Tumkur. We are also trying to get approval for two more NIMZs at Gulbarga and Kolar," Siddaramaiah told captains of industry at an interactive session here.

Tumkur is about 70 km from Bangalore, while Gulbarga and Kolar are about 650 km and about 100 km, respectively, from the state capital.

The NIMZ are being set up across the state to increase the sectoral share of manufacturing in the Gross Domestic Product (GDP) to 25 percent over the next decade and generate 100 million more jobs in the sector through an annual growth rate of 12-14 percent, as envisaged in the national manufacturing policy of the central government.

"Though Karnataka is already an ideal investment destination in the country, we would like to position the state as a preferred location for new industries," the chief minister said addressing at the two-day national council of the Confederation of Indian Industry (CII) where about 100 top executives of India Inc are participating.

Noting that industry and services sectors played a vital role in the economy, Siddaramaiah said while the services sector contributed a whopping 59 percent to the state GDP, the manufacturing sector was lagging behind at less than 25 percent annually.

"Hence our focus will be on the manufacturing sector to increase its contribution to the state GDP substantially in line with the national manufacturing policy. We are committed to make the state a preferred destination for investments in diverse industries with attractive schemes and incentives," Siddaramaiah asserted.

In this context, the chief minister reminded India Inc that the pro-active policies of successive governments in the state had led to phenomenal growth of knowledge-based industry in the state, especially Bangalore, as evident from the presence of global firms in IT and biotechnology over the last two decades.

"Global firms have made Bangalore their research and development (R&D) base to pilot next generation business models. This tech hub is also home to aviation and aerospace manufacturing and cutting-edge technologies in diverse verticals," Siddaramaiah noted.

The state government is also partnering with the central government to set up the country's first Information Technology Investment Region (ITIR) near Devanahalli, about 40 km from city, in about 10,000 acres of land to expand and accelerate the growth of the knowledge sector, especially IT-enabled services and products.

Observing that the micro, small and medium enterprises (MSME) play a critical role by accounting for 45 percent of industrial output and 40 percent of exports, the chief minister urged stakeholders to promote the support sector for achieving the 12-14 percent growth rate envisaged in the manufacturing policy.

Assuring the industry of the state's support in facilitating investments in the manufacturing sector, Siddaramaiah said the government would pursue a cluster approach for the uniform growth of the industry beyond Bangalore at Belgaum, Dharwad, Hubli and Mysore.

"Besides simplifying investment procedures, developing tier-two and tier-three cities and rural infrastructure, we will showcase Mysore (about 150km from Bangalore) as a major investment destination on the global map," he added.

Matches

MORE TOP STORIES TODAY

Bangalore lose nerve, lose game

Bangalore lose nerve, lose game

IPL 7, GAME 11—Vinay's over, Lynn's catch turns last-over finish in KKR's favour. More »

Boycotting IPL will not save cricket

Boycotting IPL will not save cricket

Boycotting the IPL as a means of protest against the grime in the game may not yield the desired results. More »

Jadeja spins out Rajasthan in close chase

Jadeja spins out Rajasthan in close chase

IPL 7, GAME 10—Chennai beat Rajasthan by 7 runs after last-over scare. More »

Gambhir a knock away from striking form - KKR coach

Gambhir a knock away from striking form - KKR coach

Gautam made an eight-ball duck in the opening game against Mumbai and in the second game against Delhi, he lasted only half those balls. More »

Rivals say Srini group delaying BCCI special general meeting

Rivals say Srini group delaying BCCI special general meeting

The group opposed to Srinivasan alleged that since BCCI secretary Sanjay Patel belongs to the president’s group, he was intentionally delaying the SGM… More »

April 24: A legend is born

As Sachin Tendulkar turns 41 - here's a look at some offbeat moments from the Master Blaster's innings. More »

Cleaning up the game starts with fans

Cleaning up the game starts with fans

... because, as recent events reveal, the BCCI has little intention of doing it. More »

SL in 'difficult place' after Farbrace exit

SL in 'difficult place' after Farbrace exit

Sri Lanka depart for assignments in Ireland and England in two weeks, and Sanath Jayasuriya suggested Marvan Atapattu would be interim head coach for those… More »

Chandimal axed as T20 captain

Chandimal axed as T20 captain

Sri Lanka's cricket selectors on Wednesday sacked Dinesh Chandimal as Twenty20 captain and replaced him with Lasith Malinga, while Angelo Mathews was… More »

Vithanage, Priyanjan get T20 call-ups

Vithanage, Priyanjan get T20 call-ups

Herath has been rested, while the team will be without the veteran pair of Mahela Jayawardene and Kumar Sangakkara, who retired from T20 internationals… More »

'BCCI should have picked panel with care'

'BCCI should have picked panel with care'

Dalmiya said that it was the first time that the BCCI had been faced with a situation where the apex court had hauled up the Board and it should have acted… More »

Farbrace is England's assistant coach

Farbrace is England's assistant coach

The ECB continued the restructuring of the England coaching set-up on Wednesday by announcing the appointment of Paul Farbrace as assistant coach. More »

SC asks Mudgal committee to continue

SC asks Mudgal committee to continue

Mukul Mudgal has communicated to the court his willingness to take up the investigation and has been asked to specify the terms and modalities on April… More »

Sri Lanka players resolve pay dispute

Sri Lanka players resolve pay dispute

The pay dispute between Sri Lanka Cricket and its 13 contracted players ended on Wednesday when the latter agreed to accept 10 percent of the participation… More »

Hope to be fit for next game - Pietersen

Hope to be fit for next game - Pietersen

With two heavy defeats at the hands of Bangalore and Chennai, Daredevils currently languish near the bottom of the table. More »

'SC decision could hurt BCCI's status'

'SC decision could hurt BCCI's status'

The Supreme Court prefers that the Justice Mudgal panel further investigate the IPL corruption scandal. More »

Mudgal panel drops bombshell in court

Mudgal panel drops bombshell in court

The Mukul Mudgal probe committee dropped a bombshell in the Supreme Court on Tuesday by making a sensational claim that it was forced to stop audio recording… More »

Perfect Punjab trounce Hyderabad

Perfect Punjab trounce Hyderabad

IPL7, GAME 9—Maxwell (95, 43b), Balaji (4-13) set up 72-run win. More »

Have the ECB played an unfair game?

Have the ECB played an unfair game?

Money talks, but it is in light of this ICC shakeup that the ECB's act of soliciting of another team's coach deteriorates from free-market aggression to… More »

Farbrace quits for England post

Farbrace quits for England post

He will assist Peter Moores who was unveiled as the new England coach on Saturday. More »

Moin appointed to manage Pakistan team

Moin appointed to manage Pakistan team

Pakistan on Monday reappointed Moin Khan as chief selector and manager of the national team, a week after fellow former captain Rashid Latif turned down… More »

Chennai smash Delhi for first win

Chennai smash Delhi for first win

IPL7, MATCH 8—Raina-led middle order, superlative catching give CSK a 93-run win. More »

'BCCI reputation lowest in 80 years'

'BCCI reputation lowest in 80 years'

The former BCCI president says he was "disillusioned" by the happenings at the emergent working committee meeting on Sunday. More »

Injured Bravo to miss rest of IPL

Injured Bravo to miss rest of IPL

Dwayne Bravo is set to be sidelined for at least four weeks due to a shoulder problem. Bravo sustained the injury when attempting a catch on the boundary… More »