Karnataka to meet 2019 employment targets, says Industries Minister

Anil Urs Bengaluru | Updated on January 10, 2018

Vendor development and investor meet to be held in Bengaluru

Bucking the national trend, Karnataka has maintained a healthy trend in employment generation, State Minister for Large, Medium Industries and Infrastructure Development, RV Deshpande, said on Sunday.

“To maintain a lead over other States, Karnataka has encouraged entrepreneurship and supported it by suitable policy frame work and incentives,” he added.

Karnataka had generated 13.91 lakh jobs in the last four years and is confident of achieving the 15-lakh target by the end of 2019, Deshpande said. Between FY14 and FY18, the State had generated 12.03 lakh jobs in the MSME sector and 1.88 lakh jobs in the large and medium industries sector. Another 5.79 lakh jobs are in the pipeline.

Vendor development

Karnataka is planning to host two-day ‘National Vendor Development’ and investors’ meet on November 23 and 24 at Bengaluru’s BIEC.

Deshpande said main objective of the meet is to provide MSMEs to show case their capabilities to various Original Equipment Manufacturers (OEMs) in the country. Enable OEMs to identify suitable vendors among the MSME sector.

Focus sectors include aerospace and defence equipment, automobiles, auto components and electric vehicles, biotech, pharmaceuticals and medical devices, textile and apparels and innovation and start-ups.

Exhibition of products of OEMs and MSMEs in two halls of total two lakh square feet is planned mainly to encourage Central public sector undertakings, State PSUs and large scale enterprises to interact with MSME companies.

The meet is to have B2G meetings with companies covering various sectors.

“The government is focussed on providing momentum for imaging itself as the most industry-friendly State in the country. While focusing on the growth, we are taking cautious steps to ensure that the development would not have adverse effects on the environment, people and the ecosystem,” Deshpande said.

Published on September 10, 2017

Follow us on Telegram, Facebook, Twitter, Instagram, YouTube and Linkedin. You can also download our Android App or IOS App.

This article is closed for comments.
Please Email the Editor