Karnataka Government to review industrial policy to increase investment |
Written by Vijay | |
Tuesday, 17 June 2008 | |
Bangalore: The new BJP government in Karnataka has announced that it would effect changes in the current Industrial Policy 2006-07 in the next three months to facilitate greater investment in the state. The decision to review the policy comes in the wake of a fall in investments and manufacturing in the state during the last fiscal. In 2007-08, only 728 projects worth Rs 10,309 crore were cleared as compared to 881 projects worth Rs 11,954 crore approved in 2006-07. Speaking to reporters during his first press conference, Industries Minister Murugesh Rudrappa Nirani said that all stakeholders would be consulted and industrial models in Gujarat, Maharashtra and Tamil Nadu will be studied before modifying the policy. |
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