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Karnataka to set up industrial clusters to foster innovations

Our Bureau | | Updated on: Jan 24, 2019
image caption

CM inaugurates machine-tool expo

Karnataka has indentified nine districts to establish industrial clusters to foster innovations and product diversification, Chief Minister HD Kumaraswamy has said.

Addressing the 19th edition of IMTEX exhibition, and 21st edition of Tooltech organised by Indian Machine Tool Manufacturers’ Association (IMTMA), the Chief Minister said that apart industrial clusters, the government is planning to host manufacturing and assembling facilities in smaller cities.

“Karnataka has always been an industry-friendly State and will continue to be so in future. Our government has been striving to make the State an investment destination. The government has begun the process of identifying large swathes of farmland in rural areas to set up industrial units,” he added.

Expanding network

On decongesting Bengaluru, the Chief Minister said, “We intend to expand our industrial development network and intend to tap the large talent pool available in the tier-II and III cities.”

In his address, P Ramadas, President IMTMA said Machine tools are considered a strategic industry segment. Industry cannot achieve a high level of excellence without the machine tools segment being very strong, he said.

Expo highlight

In his welcome address, Jamshyd N Godrej, Chairman, Exhibitions — IMTMA, said, “IMTEX shows industry in a different light and is an expression of showing a new India and what its industry is capable of.”

State Revenue Minister RV Deshpande said, “Karnataka has always laid out a red carpet to investors wanting to do business in the State. The State has a pro-industry policy, which has helped industries to thrive.”

Industries Minister KJ George said the State has been in the forefront of many ventures such as setting up the world’s largest solar park, launching booster kit for start-ups, setting up an exclusive machine tool park etc.

He called upon the manufacturing industry to do their business in the State, including their capacity expansions.

Published on January 24, 2019

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