STOCK MARKET BSE NSE

Karnataka govt, Centre relief helping Covid-hit firms: Shettar

Industries minister says Karnataka Industrial Policy - 2025 getting cities like Mysuru, Dharwad, Belagavi more investments

Published: 10th March 2021 04:36 AM  |   Last Updated: 10th March 2021 04:36 AM   |  A+A-

Large and Medium Scale Industries Minister Jagadish Shettar

Large and Medium Scale Industries Minister Jagadish Shettar

By Express News Service

BENGALURU: Minister for Large and Medium Industries Jagadish Shettar said the industries in the state, which were hit by the pandemic, are recovering due to the relief measures announced by the state and Central governments.Replying to a question by MLC S V Sankanur in the Legislative Council, Shettar said, “Programmes like loan facilities, deferring EMIs, relaxation from paying taxes, and utility bills helped us recover.”

He said the government had approved industries that create huge employment. “Since our government came to power, we have given approvals to industries which have invested Rs 76,376 crores and generate 1.77 lakh employment. There are 712 large-scale industries in the state which have provided employment to over five lakh people,” he said.

He informed the House that many investors were interested to invest only in Bengaluru, as it is the capital of the state, and hence the government came up with Karnataka Industrial Policy - 2025. “Due to the change in approach, cities like Mysuru, Dharwad, Belagavi are seeing more investments,” he added.
Meanwhile, CM BS Yediyurappa said the government is contemplating leasing out Mandya Sugar Factory as it is not possible to run it. “However, we will hold a meeting with representatives of the region before taking a final call,” he said.



Comments

Disclaimer : We respect your thoughts and views! But we need to be judicious while moderating your comments. All the comments will be moderated by the newindianexpress.com editorial. Abstain from posting comments that are obscene, defamatory or inflammatory, and do not indulge in personal attacks. Try to avoid outside hyperlinks inside the comment. Help us delete comments that do not follow these guidelines.

The views expressed in comments published on newindianexpress.com are those of the comment writers alone. They do not represent the views or opinions of newindianexpress.com or its staff, nor do they represent the views or opinions of The New Indian Express Group, or any entity of, or affiliated with, The New Indian Express Group. newindianexpress.com reserves the right to take any or all comments down at any time.

flipboard facebook twitter whatsapp