Bangalore, September26 2018: The Government of Karnataka is keen to rejuvenate manufacturing and has set aside Rs 2000 crores ( Rs 20 billion) for each of 9 cluster as government support in terms of equity etc. It expects private sector to pitch in with Rs 3000 ctrores (Rs 30 billion) and has also earmarked Rs 500 crores ( Rs 5 billion) for skill development training programs in all the identified districts. It is exopected tht 900,000 jobs will be created in the next 4 years.
As part of a ‘Compete with China’ scheme, the Government plans to have manufacturing and assembling activities right from the village level to taluk and district level in each cluster. Programmes to be implemented in various districts include Kalaburgi for Manufacturing of Solar Power Goods, Chitradurga for Manufacturing of LED lights, Hassan for Manufacturing of Sanitary Goods, Koppal for Manufacturing of Mechanised Toys, Mysuru for ICB Manufacturing unit, Bellary for Textile industry, Chikkaballapur for mobile phone components, Tumkur for sports and fitness goods and Bidar for manufacture of agricultural implements.
Addressing the Vision Group for Solar Power Goods, prior to the meeting with the Chief Minister, aurav Gupta, Principal Secretary, Department of Commerce and Industries and IT BT and Science and Technology, Government of Karnataka said, “Through ‘Compete with China’ scheme, the Government is keen on expanding its industrial development footprint in other parts of the state and we intend to start implementation by February 2019. The Government of Karnataka is planning to set up a mini secretariat in order to fast track implementation and will provide all assistance with regard to infrastructure, land, training and equity in the SPV that is set up. This initiative will also contribute to the Government of India’s vision of becoming a $5 trillion economy by 2025.”
The Government of Karnataka’s ‘Compete with China’ program was envisioned with the objective of scaling up production capacities of the manufacturing sector of the State in line with the success story of China.Vision Groups Meetings that were held yesterday included Solar Power Goods and LED Lights.