[vc_row][vc_column][vc_column_text]The State Government has taken a lot of measures to improve the lot of MSMEs. According to official reports, more than 40,000 acres of land is available in Karnataka to set up industries.
Work on the Chennai-Bengaluru-Chitradurga Industrial Corridor is in full swing.
As Hon’ble Minister for Large & Medium Industries and Infrastructure, Sri R.V. Deshpande reiterated, Karnataka will be a power surplus State by 2020 due to the investments in renewable energy. No industry or individual in the State will ever complain about the unavailability of reliable energy in the future.
As far as Bengaluru is concerned, the State Government has allotted more than US$1 billion in its Budget to improve the infrastructure in the city. Overall, it makes for an ambitious effort to uplift the MSME sector in particular, which is the backbone of industrial growth in Karnataka.
Several initiatives have been taken up to ease business activities for the small scale industries in Karnataka.
MSMEs play a dominant role in socio-economic development of the state and the country. It contributes 8% to the country’s GDP, 45% to the manufacturing sector, 40% to the exports and provides employment to more than 80 million youth through more than 40 million registered MSMEs.
The Government of Karnataka has ensured that Karnataka Industrial Area Development Board (KIADB) earmarks minimum 20% of allotable land in their industrial areas for MSMEs.
The plan is to allot land for Karnataka State Small Industries Development Corporation (KSSIDC) in KIADB industrial area, upon request for making industrial plots and sheds of smaller sizes for MSME sector.
Out of the 20% land reserved for MSMEs, KIADB/KSSHDC will reserve a minimum of 75% of allotable land/sheds for micro & small and 25% of allotable land to medium enterprises.
KSSIDC will also procure land for developing industrial estates exclusively for micro and small enterprises.
The area to be procured will not be less than 50 acres. 20% of the allotable area will be reserved for sheds out of which 10% of the area will be earmarked for multi -storied sheds (wherever feasible) near Bengaluru, Mysuru, Hubbali-Dharwad, Mangaluru, Belagavi, Tumakuru and Kalaburgi to provide industrial flats on lease/rental basis to micro enterprises considering the constraints in land procurement.
Development of Rural Industrial Areas exclusively for MSMEs in the impact area off industrial corridors will be undertaken along with infrastructure, like road connectivity, drainage system, street lighting and water supply by KIADB/KSSIDC.
Rural industrial areas and estates will have minimum 100 to 150 plots measuring 2000 sq. ft. to 10000 sq. ft. and will be developed in potential areas in every district.
It has been made clear in the Industrial Policy 201419 that KSSIDC will supply treated water to industrial estates for industrial use Suitable arrangements will also be made for supply of portable water.
Funds available under infrastructure support to institution, Special development Programs and Kaigarika Vikasa will be used for up-gradation of existing industrial estates older than 10 years and acquiring fresh lands for industrial estates by KSSIDC.[/vc_column_text][/vc_column][/vc_row]