Karnataka's 9 industrial clusters to compete with China: Governor

Image
IANS Bengaluru
Last Updated : Jan 26 2019 | 5:20 PM IST

In a bid to increase industrial production capacity, Karnataka is developing manufacturing clusters in nine districts under "compete with China" scheme of the state, Governor Vajubhai Vala said on Saturday.

"The state government is implementing the 'Compete with China' scheme, by developing industrial clusters in nine districts. Action is being taken to create one lakh jobs in each cluster," the Governor said in his Republic Day address here.

The southern state, which is a pioneer in IT and manufacturing businesses, had approved 1,958 projects with an investment of Rs 3.49 lakh-crore, under its Industrial Policy 2014-19, Vala said.

These projects will create employment opportunities to 10.28 lakh people, he added.

"Karnataka stood first in the country in attracting investments," Vala said in his speech.

According to the Union Ministry of Commerce and Industry's data from November last year, Karnataka saw the highest investment in the country for the first three quarters of 2018.

The ruling Janata Dal-Secular (JD-S)-Congress coalition government led by Chief Minister H.D. Kumaraswamy last year announced identifying nine districts across the state to set up industrial clusters to foster innovation and product diversification, thereby creating new jobs.

Ballari, Bidar, Chikkaballapura, Chitradurga, Hassan, Kalaburagi, Kolar, Koppal and Mysuru were identified for the scheme, by developing industries that could compete with China in industrial production.

The scheme aims to have manufacturing-related activities taking place right from village level, to the taluk (sub-district) and district levels of each cluster.

--IANS

bha/prs

Disclaimer: No Business Standard Journalist was involved in creation of this content

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Jan 26 2019 | 5:10 PM IST

Next Story