A conducive and an enabling environment a must for Industrial Development in Karnataka: CII
A conducive and an enabling environment which supports and nurtures industrial growth should be the prime driver in attracting investment in to the state said the Confederation of Indian Industry (CII) in a press statement here today. This statement was released by the Industry body at a time when Karnataka is facing stiff competition from the other southern states in attracting domestic and Foreign Direct Investments.
CII also highlighted that creating a good infrastructure in the state will attract investments which will fuel economic growth and create employment opportunities. CII recommends the Government to bring out an exclusive policy for encouraging the private sector to set up large industrial units in the state and added that such a policy should endeavor to provide incentives to the private sector with the government providing the much needed infrastructure which can generate and sustain employment in the state.
CII also added that creating a good investment climate in the state will help Karnataka to showcase itself as an ideal investment destination and will boost the confidence of the investors. Karnataka with a resource pool of skilled workforce, excellent training and allied institutions and a proactive government is better positioned to emerge as the most industrially developed state in the country provided the infrastructure and other factors are addressed at the earliest. Such an industrial development in the long run will create an economic growth that will address the regional disparities among the various regions in Karnataka by making the growth more inclusive and sustainable and most importantly giving an opportunity for all the sections of the society to benefit from the growth.
A conducive and an enabling environment which supports and nurtures industrial growth should be the prime driver in attracting investment in to the state said the Confederation of Indian Industry (CII) in a press statement here today. This statement was released by the Industry body at a time when Karnataka is facing stiff competition from the other southern states in attracting domestic and Foreign Direct Investments.
CII also highlighted that creating a good infrastructure in the state will attract investments which will fuel economic growth and create employment opportunities. CII recommends the Government to bring out an exclusive policy for encouraging the private sector to set up large industrial units in the state and added that such a policy should endeavor to provide incentives to the private sector with the government providing the much needed infrastructure which can generate and sustain employment in the state.
CII also added that creating a good investment climate in the state will help Karnataka to showcase itself as an ideal investment destination and will boost the confidence of the investors. Karnataka with a resource pool of skilled workforce, excellent training and allied institutions and a proactive government is better positioned to emerge as the most industrially developed state in the country provided the infrastructure and other factors are addressed at the earliest. Such an industrial development in the long run will create an economic growth that will address the regional disparities among the various regions in Karnataka by making the growth more inclusive and sustainable and most importantly giving an opportunity for all the sections of the society to benefit from the growth.
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