Karnataka-Investment and
Industrial Policies
Export
Promotion Policy (2002 - 2007)
The ongoing process of opening up of
the Indian economy, changing Industrial and trade policies
over the last decade and the formation of WTO have together
given rise to stiff challenges as well as tremendous opportunities
for Indian Industry. While the challenges are the result
of liberalised imports of raw materials, components and
finished products from across the globe in an increasingly
reducing tariff regime, the opportunities arise from the
opening up of the world markets for Indian industry.
Integrated
Agribusiness Development Policy 2011 New
The Government of Karnataka considers
high growth of agriculture and allied sectors as a means
to accelerate the state’s GDP growth, enable farmers
to earn higher income and ensure food security. Karnataka
has rich biodiversity and ten agro-climatic zones suited
for majority of the agricultural & horticultural crops
and a long coastline that encourages fisheries. The state
contributes around 7% of the agricultural production and
15% of the horticultural production in the country. It contributes
around 10% of the fruit & vegetable production in India.
Its climate endowment suits cultivation of cash crops like
coffee, coconut, mango, spices, commercial flowers, aromatic
plants, cotton, sugarcane, oilseeds, grapes, pomegranate,
sapota, etc.
Karnataka
Industrial Policy 2009-14 New
Karnataka is one of the Industrially
forward States of India. The State has a host of large industries
ably supported by a strong base of Micro, Small and Medium
Sectors. Due to inherent advantages of the State, the industry
and trade sectors including service sector are propelling
the overall economic development of Karnataka.
Livestock
Development Policy -2010 (Draft) New
Karnataka has 307 lakh livestock,424
lakh domestic poultry and produces 45 lakh MT of milk, 1.14
Lakh MT of meat and 18600 lakh eggs annually (2008-09).The
state ranks 10th and 3rd in the country in milk and egg
production respectively. 38 rural households have livestock
and ,or poultry. The annual growth is 5% and livestock sector
contributes 2.96% to State GDP.
New
Infrastructure Policy – 2007
The Government of Karnataka had come
out with the first Infrastructure Policy in 1997. The Infrastructure
Policy of 1997 aimed at expanding and upgrading infrastructure
to meet the growing needs of industrial and agricultural
sectors, inviting private investment and adopting an integrated
approach to infrastructure development. This policy had
specific incentives and concessions for infrastructure projects.
However, with the efflux of time there have been changes
in the tax and stamp duty regime, formulation of Govt. of
India’s Policy on Public-Private-Partnership (PPP)
in infrastructure projects and the concept of Viability
Gap Fund (VGF). In line with these changes, the existing
policy needs to be revised.
Special
Economic Zone 2009 New
The Government of India have announced
the concept of Special Economic Zones (SEZs) in the year
2000 through a revision in the EXIM Policy 1997-2002 with
a view to providing an internationally competitive and hassle
free environment for production of goods and services for
exports. These SEZs are virtually deemed to be a foreign
territory within the Country, free from all the rules and
regulations governing the import and export. The SEZs are
specifically treated as duty free enclaves for the purpose
of industrial, service and trade operations with exemption
from customs duties and a more liberal regime on levies,
foreign investment and other transactions. The domestic
regulations, restrictions and infrastructure inadequacies
are sought to be removed for creating an investor and industry
friendly environment. The SEZs would be islands of excellence
and efficiency.
Tourism
Policy 2002-07 New
Karnataka was among the first States
in the country to bring out a progressive Tourism Policy
as early as June 1992. This had the twin objective of promoting
tourism-related activities and enhancing employment and
income-generation among all sections of the society to further
promote tourism in the State. The Government announced an
updated tourism policy with effect from June 1997 for a
period of five years with certain modifications vide Government
Order No. ITY/137/TTM/96 Bangalore dated 4 July 1997.
The above policy generated considerable flow of investment
from the private sector and also led to several other developments
in the tourism sector. Today, the State Government is giving
new thrust to promote tourism in the State. All bona fide
tourism related enterprises are duly recognised and given
special incentives and concessions. Areas that need rapid
development have been identified. Infrastructural facilities
need considerable investment and the private sector is invited
to participate in such areas. They are encouraged to invest
in hotels, beach resorts, eco-friendly resorts, wayside
facilities, adventure/recreation centers like golf courses,
aero sports, amusement parks and other tourism related activities.
The
Millenium BPO Policy
In India, it is the State of Karnataka
that holds the pre-eminent position in the field of Information
Technology & Biotechnology. In fact, the State is called
the 'Silicon State of India' and Bangalore, its capital,
is referred to as the 'IT Capital of India' as well as the
'Biotech City'.
Karnataka in the recent past has attracted
a spectacular amount of foreign investment. To be precise,
the state has seen at least one new foreign IT Company setting
up shop, every week for the past 150 weeks. The State also
has the enviable record of attracting one new Biotech Company
every month for the last two years.
The
Millennium Biotech Policy 2000
Hon'ble Chief Minister, Mr. S. M.
Krishna in his budget speech for the year 2000-2001 has
said, "While Karnataka is the acknowledged leader
in IT, I would like the State to lead the next revolution
in Biotechnology. Karnataka already has the training
and knowledge base necessary to drive the revolution.
We have the critical mass of biotech companies and the
best research institutions. The immediate challenge
is how to nurture that innovation, promote entrepreneurship
and facilitate effective technology transfer to the end
users. I am happy to announce a Vision Group on
biotechnology is being set up to advise the government
on future strategies."
