5 days ago

Karnataka Plans Five New Industrial Cities Beyond Bengaluru

Karnataka Plans Five New Industrial Cities Beyond Bengaluru
Karnataka CM directs officials to identify five cities for industrial development · theprint.in

Karnataka wants more industries to grow in cities besides Bengaluru.

The chief minister asked officials to choose five suitable cities.

These cities should have airports and other useful infrastructure.

The government plans to offer investors special benefits to create jobs.

It also wants companies to receive approvals faster.

A single-window system connects 22 departments and 119 services.

Karnataka says it received Rs 5.58 lakh crore in manufacturing investments over the last three years.

Five cities are already being developed as Beyond Bengaluru industrial clusters.

Key facts

Industrial plan
Five cities outside Bengaluru are to be identified for industrial development.
Selection criteria
Officials were asked to consider cities with airport connectivity and other necessary infrastructure.
Investor incentives
Special incentives are being offered for industries and investments in selected sectors and cities.
Single-window system
The approval system integrates 22 departments and 119 services, emphasizing digital and timely clearances.
Investor-friendly ranking
Karnataka ranks ninth in the NITI Aayog Investor-Friendly Index.
Manufacturing investment
Officials said Karnataka attracted Rs 5.58 lakh crore in manufacturing investments over the past three years and ranked third nationally.
Industry consultation
Of 55 suggestions from the Utpadana Manthana meeting with 80 CEOs, 35 had been addressed.

Sources

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