Through e-Udyami, the single window portal for Karnataka, the approvals/ clearances including their subsequent renewals, can be sought from more than 20 line departments. Government has introduced various initiatives in easing out “Doing Business” in the state. What is the latest on ease of doing business (EoDB)? What steps have you taken to improve Karnataka’s position in the all India ranking? Another 6.25 lakh jobs are in the pipeline. From 2013-14 to till date, Karnataka has generated 10.28 lakh jobs in the micro, small & medium enterprises (MSME) sector and 1.88 lakh jobs in the large industries sector. The state has generated 12.16 lakh jobs in the last four years and is inching closer towards meeting the government’s target of creating 15 lakh jobs by March 2019. Karnataka has attracted FDI of $ 27.09 billion (?1,53,633 crore) during the period of April 2000 to September 2017. Karnataka has attracted more than $6.8 billion (?44,720 crore) in FDI over the last one year (April 2016 – September 2017), which makes it the second best state in terms of attracting FDI in the country. Apart from overall investment intentions in which Karnataka stands first in the country, Karnataka accounts for a significant share in the total FDI that flows into India. Karnataka is unarguably an attractive investment destination given its rich demographics that feed into the intrinsic demand and supply elements of businesses. What is your government’s score card on investments and jobs? How much of the investments promised have actually materialised on ground? And where do you stand on job creation front? We are encouraging them by giving right policy environment and infrastructure. Thus Karnataka has many thrust areas which are attracting good investments. We are also developing food parks in many parts of the state. We have come out with a special policy for agri-business and food processing. Agro business and food processing is another thrust sector which is seeing lot of interest. Textile and readymade garments is another sector which is attracting investment and creating large employment. We are setting up pharma parks and are getting good response. We have a separate policy to encourage bio-tech sector.
It also ranks fifth in pharma exports and contributes 10% to the country’s revenue in the pharmaceutical sector. Karnataka, as the largest bio-technology hub, is home to over 60% of the country’s biotech companies. Karnataka is the first state in the country to introduce a comprehensive and well-designed Electric Vehicle and Energy Storage Policy 2017 to provide bespoke policy ecosystem for this sector.
The future of the auto sector lies in electric mobility. The state is committed to emerge as the automobile capital of India. We envisage Karnataka to consolidate on this and are therefore focussing on emerging technologies like Big Data, Artificial Intelligence, IoT, Robotics and Nanotechnology. Bengaluru is the fourth largest technological cluster in the world after Silicon Valley, Boston and London and is nicknamed as Silicon Valley of India. Karnataka has emerged as an information technology (IT) hub of India. Which are the sectors that are attracting maximum investment in Bengaluru and rest of Karnataka? The state has accounted for an impressive 42.9% of the total investment intentions in the country as per the SIA statistics released by the Department of Industrial Policy and Promotion (DIPP), Ministry of Commerce and Industry, Government of India, up to October, 2017. From last two years in a row, Karnataka has stood first among all states in the country on investment intentions filed. Karnataka has emerged as a top investment destination in the country. What has been the progress on investments in Karnataka in recent years?
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