MANGALURU: Minister for major and medium industries Jagadish Shettar dropped hints that the soon-to-be-out state budget would be industry-friendly. A slew of policy initiatives, aimed at addressing issues that are hampering growth of industries, are likely to be announced in the budget. Such issues, having figured in pre-budget discussion with chief minister B S Yediyurappa, are significant during the three-day Global Investors’ Meet scheduled from November 3.
Interacting with industry representatives from Dakshina Kannada at an event held under aegis of department of industry here on Saturday, Shettar said a common thread of complaints have been highlighted while he interacted with the industry captains of the state. “There a few hurdles that urban development department have created with their rigidity on policy matters. They are hurting industries, and efforts are on to solve them, he said.
“We have mooted a middle-level taxation policy where layouts are neither considered commercial nor residential, a move that will give industries sufficient relief,” he said, adding that his department is ready to walk the talk in encouraging industries in Karnataka.
Plans are there to set up Industrial Township Authorities in 8-10 places in the state. They will be self-sustaining development models without taxation interference from ULBs or panchayat raj bodies. “We have mooted a revenue-sharing model where ULBs/ panchayati raj bodies get 30% of property tax and solid waste management revenue, and the rest goes to the authorities concerned that can use it internally to develop their areas,” Shettar said.
Other major concession mooted is to provide exemption under Section 109 of Karnataka Land Reforms Act for entrepreneurs who want to purchase agriculture land to set up their units, he said, adding permission for the same will be given within 30 days. “Likewise, investment permission and proposals of which are cleared by a high-powered committee chaired by the chief minister is not given within 30 days, then the same is deemed to have been given,” Shettar said.
With minimum wages in Karnataka being one of the highest figures, Shettar said his department is striving to strike a balance in ensuring that neither the interest of industries nor that of workers is hurt in implementing the same. The industries department has also taken note of the recent hike in tariffs for industrial use of natural water and will be pared to ensure that industries remain competitive. “We are committed to ease of doing business,” he noted.
Interacting with industry representatives from Dakshina Kannada at an event held under aegis of department of industry here on Saturday, Shettar said a common thread of complaints have been highlighted while he interacted with the industry captains of the state. “There a few hurdles that urban development department have created with their rigidity on policy matters. They are hurting industries, and efforts are on to solve them, he said.
“We have mooted a middle-level taxation policy where layouts are neither considered commercial nor residential, a move that will give industries sufficient relief,” he said, adding that his department is ready to walk the talk in encouraging industries in Karnataka.
Plans are there to set up Industrial Township Authorities in 8-10 places in the state. They will be self-sustaining development models without taxation interference from ULBs or panchayat raj bodies. “We have mooted a revenue-sharing model where ULBs/ panchayati raj bodies get 30% of property tax and solid waste management revenue, and the rest goes to the authorities concerned that can use it internally to develop their areas,” Shettar said.
Other major concession mooted is to provide exemption under Section 109 of Karnataka Land Reforms Act for entrepreneurs who want to purchase agriculture land to set up their units, he said, adding permission for the same will be given within 30 days. “Likewise, investment permission and proposals of which are cleared by a high-powered committee chaired by the chief minister is not given within 30 days, then the same is deemed to have been given,” Shettar said.
With minimum wages in Karnataka being one of the highest figures, Shettar said his department is striving to strike a balance in ensuring that neither the interest of industries nor that of workers is hurt in implementing the same. The industries department has also taken note of the recent hike in tariffs for industrial use of natural water and will be pared to ensure that industries remain competitive. “We are committed to ease of doing business,” he noted.
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