State attracted most investments amidst pandemic: Bommai


Karnataka has emerged as the most favoured investment destination during the pandemic, between January and November, 2020, Minister for Large and Medium Scale Industries Jagadish Shettar said in the Legislative Council on Tuesday.

“As per data released by the Union government, of the 1,308 Industrial Investment Intentions worth ₹3.95 lakh crore the country received during January-November, Karnataka has received 103 of them worth ₹1.59 lakh crore, that amounts to 41%,” Mr. Shettar said, answering a question by JD(S) member Ramesh Gowda.

“I also thought that the pandemic would hit investments in the State and it may take a year or two to revive. However, that does not seem to be the case,” Mr. Shettar said, adding ease of doing business, reforms to land reforms and labour codes have held the State in good stead as an investment destination.

The Minister also said the State high-level committee and single-window clearance committee have given their approval to 326 projects worth ₹76,480 crore during March-December 2020. He said these projects are expected to create 1.42 lakh jobs in the State.

You have reached your limit for free articles this month.

Subscription Benefits Include

Today’s Paper

Find mobile-friendly version of articles from the day’s newspaper in one easy-to-read list.

Unlimited Access

Enjoy reading as many articles as you wish without any limitations.

Personalised recommendations

A select list of articles that match your interests and tastes.

Faster pages

Move smoothly between articles as our pages load instantly.

Dashboard

A one-stop-shop for seeing the latest updates, and managing your preferences.

Briefing

We brief you on the latest and most important developments, three times a day.

Support Quality Journalism.

*Our Digital Subscription plans do not currently include the e-paper, crossword and print.

.



Source link

Leave a Reply

Your email address will not be published. Required fields are marked *