GOVT TO CREATE FAVORABLE CONDITIONS FOR INDUSTRIAL DEVELOPMENT: CHIEF MINISTER YEDIYURAPPA

GOVT TO CREATE FAVORABLE CONDITIONS FOR INDUSTRIAL DEVELOPMENT: CHIEF MINISTER YEDIYURAPPA

Bengaluru, September 7: The government has taken several initiatives towards a favourable condition for the growth and development of the industrial sector, Chief Minister B S Yediyurappa said here on Friday.

Presenting the Sir M Visvesvaraya industrial award for manufacturing excellence and export performance organised by the Department of Commerce and and Industries at the Banquet Hall of Vidhana Soudha, the state secretariat, he said that in the past the state has taken several steps to develop a favourable industrial climate.  Bangalore has gained a reputation in the industrial and handicraft sector, export sector, information technology, bio-technology, he added.

Mr Yediyurappa said that industries play a key role in the economic development of the country and recognising this Karnataka is the first state to come out with an industrial policy. The government is all set to come out with a revised industrial policy for 2019 in consultation with the captains of the industry.

 

He said while the loans of the handloom weavers have already been waived, a textile policy is being implemented soon. Prime Minister Narendra Modi will soon inaugurate the newly built airport in Kalaburgi which will benefit the handloom sector and the weavers.

While congratulating the award winners, he appealed them to come forward to contribute for the relief and rehabilitation of the people of those regions which have been affected by the recent floods.

Mr Yediyurappa said that Karnataka is a frontrunner in policy initiatives for promotion of international trade and foreign direct investment in the country.  The awards are presented to recognise meritorious exporters in the State for their contribution in exports and the economy of the country, he added.

He said Karnataka has been a pioneer in policy initiatives including Electric Vehicle Policy, Agro Business Policy, Start-up Policy, NRI Policy, Retail Trade Policy among others.

The Chief Minister said Karnataka is one of the leading exporting states in the country. Its exports stood at 95,180 million US Dollars in 2018-19, garnering a share of 17.8 % in India’s overall exports. A new Export Strategy for Karnataka is underway which aims to give thrust to boost exports through the potential and sunrise sectors, providing impetus to logistics, infrastructure among other aspects which would enhance exports.

Karnataka’s manufacturing sectors like aerospace, precision engineering components, readymade garments and textiles, coffee, pepper, cashew, marine products, petroleum products, silk and sandalwood oil have found acceptance with ever growing market across the world, he added.

Minister for Commerce and Industries Jagadish Shettar, who spoke on the occasion, said that steps have been taken to develop industries in various regions of the State apart from Bangalore.

With the same government at the Centre and the state will ensure a favourable climate for industrial development, Mr Shettar added.

As many as 63 exporters and 47 industrialists were conferred with the Sir M Visvesvaraya awards.

Central Minister D.V Sadanand gowda, Industry minister Jagadish Shettar, Principal Secretary to Govt C&I Mr Gaurav Gupta, Industry Department Commissioner Smt Gunjan Krishna were present on the occasion.