"We support Make in India, it sounds good to ears but still we do not find clarity on it, the government should come with clarity on this programme," Deshpande, who is a minister in the Congress-ruled state government, said at an Assocham conference.
He added: "We have had very encouraging discussions with investors here about starting operations in Karnataka. It is our promise that we will ensure maximum ease of doing business for these companies who together would invest around Rs 2,500 crore across sectors."
With more and more states across India competing with each other in cornering investment, Deshpande urged the industry to consider factors like infrastructure, human resource, ease of doing business and good investor relations while making investments in any state and not merely ask for incentives and concessions.
"Karnataka will assure what it can implement and not make tall promises, we will ensure that those willing to make investments in the state make great fortunes," he said.
The Minister added that he would prefer listening to the industry leaders rather than the bureaucrats while drafting various industrial policies.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
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
