Karnataka may offer incentives for projects outside Bangalore

Speaking at the curtain-raiser function of centenary celebrations of the Department of Industries and Commerce, he said the idea is to take the pressure off Bangalore, which is the most sought-after destination of investors.

"Investors need to be encouraged to set up industries in places other than Bangalore", he said asking the Department to come out with incentives or tax concessions for investors opening shop in tier-II and tier-III cities and north Karnataka and backward regions of the State.

The government is ready to accept the proposal in this regard by the Department, he said, adding, the government is keen to see that there is balanced and healthy industrial development in the entire state.

Shettar sought to allay fears about acquisition of agriculture land for industrial projects, and stressed that only areas not fit for farming would be bought out for such units.