Industry
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.
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Superior Human Resources which includes trained technical manpower in Engineering, Management and Basic Sciences.
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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.
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Excellent communication facilities and accessibility provided by broad gauge railway, airport, national highways and sea ports.
- Harmonious industrial relations.
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.
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 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.
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IT/Software and Internet industry.
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Karnatak Chamber of Commerce and Industry is a premier organisation situated in Hubli, the Industrial, Financial and Commercial Centre of North Karnataka.
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LabourNet creates and develops jobs for informal sector workforce beginning with construction workers in Bangalore
- Karnataka to do a Gujarat on industries
Chief minister B S Yeddyurappa had spoken admiringly of the Gujarat model of governance. Now, he’s done something about it. As a first step, a team of officials led by large and medium industries minister Murugesh R Nirani visited Gujarat last week to study its strategies for industrial development. Impressed by some aspects, the state plans to include those beneficial to Karnataka in the proposed modification to the industrial policy. - Brand Bangalore takes a hit
The ongoing political circus seems to have pushed Karnataka Inc. into suspended animation. It has tarnished its image of a favoured business destination. The political tamasha the state has endured is being discussed by global CEOs and international venture capital and private equity funds.
