Trade Licences to Go in State’s New Industrial Policy

Published: 18th October 2014 06:03 AM  |   Last Updated: 18th October 2014 06:03 AM   |  A+A-

BANGALORE : Chief Minister Siddaramaiah on Friday released the New Industrial Policy 2014-19 that seeks to abolish trade licences, a long-pending demand of the industrial sector, and act as an engine to spread industrial development to every corner of the state far away from Bangalore.

Siddaramaiah took special care at the outset of his address to dispel the view that he is not an industry-friendly chief minister. “Some vested interests are spreading rumours to tarnish my image. These rumours are baseless. I want to make it clear that I am with you and you are welcome any time to get your needs addressed. I have asked my officers to reduce the paperwork and cut down the time to do business,” he said.

He said it has been proposed to form at least five industrial areas every year over an area of 5,000 to 8,000 acres. In order to overcome Karntaka Industrial Areas Development Board’s constraints in providing infrastructure support, the policy proposes to encourage private investment in establishing industrial areas and estates.

New Mining Policy

Referring to various constraints faced by the mining and mineral sector, Siddaramaiah said that many mineral-based projects, which have been approved at the earlier Global Investors Meet and have been stalled for want of infrastructure support, would have good days ahead. “I have directed my officers to come up with a clear mining policy shortly to resolve this issue,” he declared.

The industrial policy has considered aerospace, machine tool, steel and cement sectors as focussed industries.


Industrial Corridors

Apart from the Chennai-Bangalore-Chitradurga Industrial Corridor and Bangalore-Mumbai Economic Corridor, being implemented in association with the Union government, the state government has proposed another four industrial corridors — Dharwad-Koppal-Raichur, Chitradurga-Haveri-Karwar, Raichur-Bagalkot-Belgaum and Tumkur-Shimoga-Hassan.

These industrial corridors are expected to become the engines of economic and industrial development over the next 10 to 15 years, Siddaramaiah said.

He admitted that the state needs to overcome its energy constraints and the policy seeks to attract huge investments in the energy sector by considering all energy projects, including renewable energy projects, as industry and providing all incentives like to any other industry.

The new industrial policy aims to achieve an industrial growth rate of 12% pa, and enhance the contribution of the manufacturing sector to the state GDP from the present 16.87% to 20% by attracting `5 lakh crore of investment in five years and generate employment for 15 lakh people.

To speed up the mega Information Technology Investment Region (ITIR) project Chief Minister Siddaramaiah has directed the officials to soon issue the final notification for land acquisition for the project’s first phase. State IT, BT Minister S R Patil said the chief minister has instructed the officials to pull up their socks as the IT project needs 10,500 acres near Kempegowda International Airport in order to be completed by 2032. The project promises to provide employment for 40 lakh people (direct employment for 12 lakh people and indirect for 28 lakh).

The preliminary notification for 2,072 acres for the project’s first phase, which would be completed by 2020, has already been issued and a final notification would be issued by this year end. There would be no laxity in implementing the project, Patil assured.

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