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INDIAN STATE : KARNATAKA
Policy Framework
New Industrial Policy 2006-2011
Salient features of the New Industrial
Policy 2006-2011:
- It aims at increasing the percentage in GSDP growth,
strengthen manufacturing industry; increase share
of exports from Karnataka in the National exports,
to generate additional employment to at least 10.00
lakh persons in the manufacturing and service sectors,
promote diversified industrial base; reduce regional
imbalance in the matter of economic development and
employment opportunities and ultimately aim at overall
socio-economic development of the State.
- The strategies for further industrialisation of
the State during the next five years include zoning
of various taluks with special emphasis on most/more
backward taluks for the purpose of industrial growth,
develop in an integrated manner, industrial infrastructure
in various key locations of the State ahead of the
requirements, implement mega industrial water supply
schemes for potential locations through SPVs; encourage
specialised industrial infrastructure for specific
sectors and SEZs, encourage development of industrial
cluster/corridor and give priority to upgradation
of infrastructure in existing and new industrial areas
and to that effect set-up an infrastructure Upgradation
Fund with an initial corpus of Rs.500 Crores, promote
Human Resource Development; promote Agro Food Processing
Industry; take up technology upgradation for Survival
and growth of SSI sector and create a Technology Upgradation
Initiative Fund with a corpus of Rs.25.00 Crores;
provide marketing assistance to SSI sector and promote
local entrepreneurship etc.
- Extending various incentives and concessions relating
to Entry Tax and Special Entry Tax; waiver of conversion
fine; exemption of stamp duty and reduction of registration
charges have also been considered.
Policy Vision
- Facilitate the State achieve a GSDP growth of over
9%, which in turn call for an industrial sector growth
of over 12%.
- Focus on strengthening of the manufacturing industry
in the State and to increase it's percentage share
of the GSDP from the present average of 16.70% to
over 20% by the end of the policy period.
- Achieve an increased share of Karnataka's exports
in the National exports from the present 15% to 20%
by the end of the policy period.
- Create additional employment generation to at least
10.00 lakh persons in the manufacturing and service
sectors during the Policy period.
- Promote diversified industrial base with strength
in both old economy & new economy fields.
- Facilitate reduction of regional imbalance in the
matter of economic opportunities, employment and growth.
- Endeavor to promote sustained industrial growth
by facilitating accelerated flow of investments.
- Promote sustained, growth-oriented industrialization
with employment & revenue generation, for overall
socio-economic development of the State.
Full
text of the policy (.pdf)
Karnataka
Export Promotion Policy 2002-07
Karnataka has a long tradition of overseas trade. Historically,
Karnataka has been a major exporter of commodities like
Coffee, Spices, Silk, Cashew nuts, Handicrafts and Agarbathies.
In the last two decades the State has emerged as a major
player in the export of Engineering goods, Readymade
Garments, Leather goods, Chemicals, Minerals and Ores
etc. Since the second half of the 1990's, Karnataka
has carved out a niche for itself in the global market
place as the knowledge and technology capital of the
Country. The State has made rapid and spectacular strides
in the new economy. Information Technology, Biotechnology
and State of the art Research and Development Institutions
have given Karnataka a pride of place as a frontier
knowledge State in India. Indeed Karnataka has emerged
as a leader in the new economy in this part of the World.
Karnataka's mission statement on exports is to facilitate
the rapid and sustained growth of exports from Karnataka
and to increase Karnataka's share in all India exports
to 15% by 2007. It is proposed that this target will
be achieved by:
- Providing an effective, proactive and supportive
Institutional mechanism for the rapid growth of exports.
- Operationalising sustainable medium term Export
Promotion Sectoral Strategies.
- Building effective and competitive export Infrastructure
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