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Karnataka is planning to throw open around 190 infrastructure-related projects under the public-private partnership (PPP) and plans to introduce the Infrastructure Bill, said Mr Murugesh Nirani, Minister for Large and Medium-scale Industry, said while interacting with the members of the Bangalore Chamber of Industry and Commerce (BCIC) here.
He said, “The Infrastructure Bill is expected to provide the much-needed boost to infrastructure projects with the highest government official being in charge of the entire process. The Bill also aims to provide the creation of a Karnataka Viability Gap Fund to the tune of Rs 500 crore to aid these infrastructure projects besides tapping some of the similar such funds of the Central government.”
Global investors' meet
Referring to the Global Investors' Meet (GIM) scheduled for June 6-8, Mr Nirani said that over 10,000 business delegates comprising those from top management will have the opportunity to interact and network with business leaders and policy-makers.
He said: “B2B meetings, focused conferences and sectoral presentations by experts are also on the agenda. This will be a big boost to economic development in Karnataka.
“The strong focus of the GIM Expo will facilitate participation of MSMEs. Special programmes like workshops on vendor development and online partnering meetings will give MSMEs a platform to connect with PSUs, MNCs and large industries.”
Mr Nirani further said: “The state has initiated a unique ‘Land Bank' in which about 1.19 lakh acres suitable for industries have been identified. KIADB has already initiated acquisition of most of this land and is also ready to offer it to investors.”
Land bank
“Land banks have been created in places like Dharwad and industrial parks in cities like Mysore, Mangalore and Gulbarga are being established so that we can attract industry to these places along with certain financial incentives,” he added.
GIM 2010 great success
Mr Nirani, referring to the last edition of GIM 2010, said: “It was a great success and nearly 62 per cent of the MoUs signed during GIM 2010 are under implementation while 36 units have already started production. Another 36 are in progressive stages and 250 units are in the pipeline.”
Dr Vinod Nowal, President of BCIC, said “A few thorny issues are holding up fresh investments and expansion plans of the exiting units happening in the state. He requested Mr. Nirani that aspects like smooth transfer of land to the industry, single-window clearances on various licences that are required and overall improvement in the infrastructure facility will go a long way in getting more investments into the State.”
anil.u@thehindu.co.in
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