Logistics

Karnataka driven by combination of thriving ecosystem: Kumaraswamy

Anil Urs Yelahanka Air Force Station | Updated on February 20, 2019 Published on February 20, 2019

HD Kumaraswamy   -  K MURALI_KUMAR

Karnataka has emerged a business-friendly destination because of the thriving ecosystem, said Karnataka Chief Minister HD Kumaraswamy.

Speaking at the Aero India 2019, Kumaraswamy said Karnataka with highly skilled and talented workforce, great technical expertise, relentless innovation backed by business-friendly policies has become the most sought-after destination in the country.

“Karnataka has been at the forefront of India’s march towards economic growth. Karnataka’s GSDP was ₹12 lakh crore in 2018-19 and the State’s economy is expected to grow at 9.6 per cent during 2018-19,” he said.

A congenial economic environment has been created in the State to boost investor confidence. For the third year in a row, Karnataka has been ranked first in the country as the most attractive State for investments. “Karnataka has regained its glory of being a business proactive State by ensuring 98 per cent compliance to provisions of Business Reforms Action Plan,” the chief minister said.

He added that “Karnataka believes in futuristic modern and digital technologies to improve productivity and ensure competitiveness. We are determined and focussed in our efforts to make Karnataka, particularly Bengaluru, as the hub of next-gen technologies.” The State is one of the leading high-tech industrialised States in the country and the undisputed leader in aerospace and Defence.

Aerospace SEZ

He said the country’s first aerospace SEZ has been made operational at Belagavi and is poised to grow into a global centre with access to a quality ecosystem.”

Karnataka has been the first to develop a Hi-Tech, Defence and Aerospace Park for Aerospace Component, IT and Defence Industries. Now with the aim to make Karnataka as one of the leading MRO hubs in Asia, MRO centres at BIAL and Mysuru are being set up, which will provide full aircraft base maintenance services. A Defence Manufacturing Cluster at Mangaluru is also being planned, he said.

The industry-driven aerospace park located at Devanahalli where the international airport is based, will act as a catalyst of growth by making world-class skilled professionals available for the aerospace and Defence sector.

Published on February 20, 2019

A letter from the Editor


Dear Readers,

The coronavirus crisis has changed the world completely in the last few months. All of us have been locked into our homes, economic activity has come to a near standstill. Everyone has been impacted.

Including your favourite business and financial newspaper. Our printing and distribution chains have been severely disrupted across the country, leaving readers without access to newspapers. Newspaper delivery agents have also been unable to service their customers because of multiple restrictions.

In these difficult times, we, at BusinessLine have been working continuously every day so that you are informed about all the developments – whether on the pandemic, on policy responses, or the impact on the world of business and finance. Our team has been working round the clock to keep track of developments so that you – the reader – gets accurate information and actionable insights so that you can protect your jobs, businesses, finances and investments.

We are trying our best to ensure the newspaper reaches your hands every day. We have also ensured that even if your paper is not delivered, you can access BusinessLine in the e-paper format – just as it appears in print. Our website and apps too, are updated every minute, so that you can access the information you want anywhere, anytime.

But all this comes at a heavy cost. As you are aware, the lockdowns have wiped out almost all our entire revenue stream. Sustaining our quality journalism has become extremely challenging. That we have managed so far is thanks to your support. I thank all our subscribers – print and digital – for your support.

I appeal to all or readers to help us navigate these challenging times and help sustain one of the truly independent and credible voices in the world of Indian journalism. Doing so is easy. You can help us enormously simply by subscribing to our digital or e-paper editions. We offer several affordable subscription plans for our website, which includes Portfolio, our investment advisory section that offers rich investment advice from our highly qualified, in-house Research Bureau, the only such team in the Indian newspaper industry.

A little help from you can make a huge difference to the cause of quality journalism!

Support Quality Journalism
This article is closed for comments.
Please Email the Editor
You have read 1 out of 3 free articles for this week. For full access, please subscribe and get unlimited access to all sections.