Industrial Scenario

Karnataka has always been at the forefront of industrial growth in India. With its inherent capabilities coupled with its enterprising citizens, Karnataka provides the ideal choice for investment opportunities.

• Superior Human Resources which includes trained technical manpower in Engineering, Management and Basic Sciences.
• High level of research and development facilities originating from a number of Central Government laboratories and research institutions located in Karnataka.
• Favourable climate and habitat.
• Excellent communication facilities and accessibility provided by broad gauge railway, airport, national highways and sea ports.
• Harmonious industrial relations.

Infrastructure

The State Government has created several organizations and Institutions to provide infrastructural support to the private sector enterprises.

• The Directorate of Industries and Commerce co-ordinates all activities required for industrial development. It allots to the entrepreneur, power, land and water besides sanction of fiscal incentives.
• Karnataka Industrial Area Development Board (kiadb.com is not active anymore) acquires tracts of land for development into industrial sites.
• The Technical Consultancy Services Organisation of Karnataka offers expert consultancy services to small entrepreneurs at moderate rates.
• The Karnataka State Finance Corporation, Industrial Investment Development Corporation, Small Scale Industries Development Corporation and Karnataka Electronics Corporation provide them finance, equity participation, factory sheds and raw material supplies.

Associations

Karnataka has got 123 associations representing various trade, banking and industrial organisations. Prominent among the manufacturers association are Karnataka State Small Scale Industries Association, Confederation of Electronic Industries of Karnataka and Peenya Industries Association.
All the 123 associations are affiliated to a parent body: Federation of Karnataka Chambers of Commerce and Industries (FKCCI).

Foreign Investments

Foreign investment approved in Karnataka during 1993-94 brought about 169 foreign investors from Germany, Japan, USA, UK, Switzerland and Sweden. They have invested in computer software, telecommunications equipments, electronics and electricals, machine tools and engineering products, medical and laboratory equipments, minerals, ceramics, chemicals, leather products, food processing and tourism.

• IT and Internet industry.
• Karnatak Chamber of Commerce and Industry is a premier organisation situated in Hubli, the Industrial, Financial and Commercial Centre of North Karnataka.
• LabourNet creates and develops jobs for informal sector workforce beginning with construction workers in Bangalore

   

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• India can take up Mars mission in 2012: ISRO
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• State firmly on growth track
  Karnataka's new industrial policy has created a conducive environment for investment in the state and the government will provide all necessary help for establishment of industries and investment in the state. The government is also open to give approvals for SEZs for multi-purpose and specific purposes and also partner with private entrepreneurs for development of industrial townships, said industries minister Katta Subramanya Naidu.