From Our Particular Correspondent
Daijiworld Media Community
Bengaluru, Sep 23: Hailing Karnataka as the very best place for world traders, Giant and Medium Industries Minister Murugesh Nirani on Thursday mentioned the State would be the solely state in India to have three main Industrial Corridors.
The minister was talking at a programme organised by the KIADB as a part of Azadi Ka Amrit Mahotsav (platinum jubilee celebrations of Independence) in Bengaluru.
Highlighting the thriving enterprise ecosystem within the State, Nirani mentioned Karnataka presents wonderful funding alternatives.
“Karnataka would be the solely state in India to have three main Industrial Corridors connecting Bengaluru with three metropolises of India. The three Industrial Corridors; Chennai-Bangalore Industrial Hall (CBIC), Bangalore-Mumbai Financial Hall (BMEC) and Hyderabad-Bangalore Industrial Hall (HBIC) are being developed by the Nationwide Industrial Hall Growth Company Ltd. (NICDC). And implementation of CBIC is gaining momentum. Our Authorities will take essential measures to ensure that CBIC can be a terrific success story for Karnataka and the nation,” Nirani mentioned.
Explaining the State’s dominant place within the industrial sector, Nirani mentioned successive governments strived to make Karnataka no.1 investor-friendly state in India.
“Karnataka has grow to be a most popular vacation spot for main companies because it supplies a price aggressive manufacturing atmosphere. With 7.09 % GSDP over the past decade Karnataka is rising because the 4th largest economic system in India and per capita earnings is fifth highest amongst different states. It’s the eighth largest state by inhabitants comprising 31 districts that supply selections for targeted investments. We’re within the 4th spot when it comes to expert workforce and now we’ve reached the head of achieving No. 1 place when it comes to attracting FDIs n India for Q1, FY 2021-22,”the minister mentioned.
The minister mentioned Karnataka has emerged as a data hub of India within the final 50 years and residential to greater than 400 Analysis & Growth centres.
“It’s a proud journey of 75 years for us whereby greater than 700 MNCs together with majority of the worldwide Fortune 500 Corporations have chosen Karnataka as their main funding space concentrating round Bengaluru, making it 4th largest Expertise Cluster on this planet. And highest employment alternatives are additionally created within the state,” Nirani added.
Declaring Karnataka’s position in nation constructing, the minister mentioned the state performed a pivotal position in taking the nation on the trail of improvement.
“Karnataka’s participation within the Independence motion is properly recorded in historical past and over the past 75 years, the state’s contribution to the nation’s general improvement is exemplary. Karnataka has all the time been a pioneering State, be it land reforms, Panchayati Raj reforms, industrial insurance policies, innovation and numerous different public insurance policies which have opened the doorways for investments in data and skill-based industries,” Nirani defined.