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‘New Industrial Policy by July-end’

The draft of the new industrial policy of Karnataka is ready and would be given a final shape by June-July this year, said Industry and Commerce Department Additional Chief Secretary K Ratnaprabha.

Published: 27th April 2014 07:57 AM  |   Last Updated: 27th April 2014 08:00 AM   |  A+A-

The draft of the new industrial policy of Karnataka is ready and would be given a final shape by June-July this year, said Industry and Commerce Department Additional Chief Secretary K Ratnaprabha.

Presiding over the industrial progressive review meeting of Bidar, Gulbarga and Yadgir districts here on Saturday, she said the new policy would be applicable for the period 2014-2019. She said though there is a lot of scope for the establishment of industries in Hyderabad-Karnataka region, entrepreneurs are not coming forward to start units.

It has been proposed to give a special package in the new industrial policy to encourage entrepreneurs to start new industries in the region. By this, unemployed educated youths will get employment opportunities, Ratnaprabha said. She asked the deputy commissioners of the region to sort out problems like land acquisition and others for starting new industries.  She said land acquisition is a problem there in the entire state.

Revenue Department and Karnataka Industrial Area Development Board should work in coordination to solve this problem, Ratnaprabha said. Gulbarga Deputy Commissioner N V Prasad, Bidar Deputy Commissioner P C Jafar and Yadgir Deputy Commissioner F R Jamdar participated in the meeting.



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