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 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

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

   

• 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.
  
  
  
• Featherlite deploys Moveo Systems' solution
  
  Moveo Systems, a city-based next generation mobile solutions, today announced that Featherlite, one of the country's largest furniture manufacturing companies, has deployed Moveo Systems' Intelligent Customer Lead Management (iCLM) solution.
  
  
  
• Researchers develop high yielding oil seeds
  
  Emphasising the importance of oilseed crops in Indian economy, Indian Council for Agricultural Research Assistant Director General(oil seeds and pulses) Dr V D Patil has urged the researchers to develop high yielding varieties and hybrids with matching production technologies.
  
  
  
• India can take up Mars mission in 2012: ISRO
  
  India can launch a mission to Mars in 2012, Indian Space Research Organisation (ISRO) Chairman G Madhavan Nair indicated today. Talking to newspersons here, he said ISRO had received a proposal for Mars mission from the Indian scientific community and it was being looked into. If feasible, the mission could take place in 2012. The GSLV was capable of taking an Indian spacecraft of up to 500 kg weight to Mars, he added.
  
  
  
• Advanta India Limited IPO to open on March 26
  
  Advanta India Limited, an international agronomic seed company, is entering the capital market with an initial public issue of 3,380,000 equity shares of Rs 10 for cash at a premium to be decided through 100 per cent book binding process.
  
  
  
• 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.