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Karnataka to unveil new industrial, EV policies at global investors meet next month

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..... Karnataka to unveil new industrial, EV policies at global investors meet next month
PTI News
Dated:- 22-1-2025
PTI
New Delhi, Jan 22 (PTI) The Karnataka government will announce a new industrial policy and two policies on electric vehicles and clean mobility at the Karnataka Invest Summit in Bengaluru next month, Industries Minister M B Patil said Wednesday. Setting a "realistic tar .....

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..... get" of Rs 10 lakh crore investments, Patil said 80 per cent would materialize, unlike the previous summit where Rs 2.60 lakh crore in hydrogen project commitments did not take off. The new policy offers flexible incentives based on capital investment and turnover. Companies undertaking manufacturing innovation research will get 10 per cent incentives, while district and taluk-level investments w .....

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..... ill receive an additional 5 per cent. Special incentives target women's employment, he said during a roadshow here. The government has upgraded single-window clearances using AI to halve proposal processing time. A dedicated water supply for industries and a new pharma park near Bengaluru are planned. Principal Secretary Selva Kumar highlighted the state's affidavit-based clearance system, allow .....

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..... ing businesses to start operations without multiple approvals for three years. Recent reforms enable flexible work timings for women, including night shifts. The next roadshow will be held in Mumbai. Industries Commissioner Gunjan Krishna was present at the event. PTI LUX MR
News - Press release - PIB .....

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