Karnataka may offer sops to step up smartphone production, exports
At present, 44% of smartphones manufactured in India are exported to the US. China's share in smartphone exports to the US has dropped from 61% to 25%. Vietnam, however, commands half of this export market. Karnataka needs to gear up to face this competition by scaling up its production capacities, the ministers felt at the meeting, according to an official statement. Both Patil and Kharge felt the state would have to offer certain specific concessions to scale up smartphone exports. Principal secretary (industries) S Selvakumar; IT/BT secretary Ekroop Kaur; industries commissioner Gunjan Krishna; KIADB CEO Mahesh, and IT/BT director Rahul Sankanur were present at the meeting.
Incentive policy
Patil and Kharge also decided to discuss with chief minister Siddaramaiah about the investment promotion incentive policy being prepared by the industry & IT/BT departments.The policy framework for incentives and concessions for several key industries, including the proposed Space Park and Electronic Components Manufacturing Park, was in the preparatory stage. The IT department was formulating a special incentive policy for the Electronic System Design and Manufacturing (ESDM) sector, Patil said.The industries department is also expected to develop a strategy to attract investments in the electronic manufacturing sector. In some cases, overlaps in incentives offered by both departments have been observed, the minister said, adding that the government would work to remove overlaps.The IT/BT department, Kharge said, was keen on establishing several upcoming projects. These include a 100-acre Space Park either near Doddaballapura or at ITIR near Devanahalli, a 150-acre PCB Park at Kochanahalli in Mysuru, 100 acres each for a Global Innovation City at KWIN City/Adakanahalli-Kochanahalli, a 20-acre drone testing centre at Hesaraghatta, and a 100-acre KEONICS plug-and-play facility at Adakanahalli/Kochanahalli. He added that he has requested the industries department to allocate plots of land for these projects.
Drone testing
The government may identify alternative sites for drone testing since Hesarghatta has now become part of Bengaluru. Such a facility can come up only in isolated areas.As for data science centres and manufacturing plants, minister Patil said these industries required substantial power and water supply. At present, industries in Bengaluru are being provided with two to three thousand million cubic feet (tmc) of water, whereas other regions lack such access to water. To address this, the government is considering formulating an Industrial Water Security Policy and promoting alternative power generation.The government plans to supply half the required water to industries, while the industries must manage the remaining half by using recycled water. The government has drawn up a plan to supply water to the Karnataka Industrial Areas Development Board (KIADB) facilities at an estimated cost of Rs 3,750 crore, Patil said. Elevate your knowledge and leadership skills at a cost cheaper than your daily tea. Regulators promote exchanges; can they stifle one? Watch IEX
Jane St: How an options trader smelt a rat when others raised a toast
TCS job cuts may not stop at 12,000; its bench policy threatens more
From near bankruptcy to blockbuster drug: How Khorakiwala turned around Wockhardt
Stock Radar: SBI Life rebounds after testing 50-DEMA; could hit fresh record highs above Rs 2,000 – check target & stop loss
These 10 banking stocks can give more than 25% returns in 1 year, according to analysts
Two Trades for Today: A metals stock for an over 6% gain, a large-cap chemicals maker for about 7% upmove
F&O Radar| Deploy Broken Wing in LIC Housing Finance to benefit from bearish outlook
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Time of India
13 hours ago
- Time of India
Forest tag stalls land allotment for Haveri industrial corridor
Haveri: The industrial corridor planned near Ganajur and Koluru villages in Haveri is experiencing setbacks concerning 68 acres of forest or revenue land confusion. Despite local farmers cultivating this land for years without proper documentation, the Karnataka Industrial Areas Development Board (KIADB) is unable to provide compensation owing to its legal classification as forest land, thereby impeding the project. Over 125 entrepreneurs requested land allocation to establish industries near Haveri's district headquarters. Sources indicate that while the 68 acres originally belonged to the revenue department, forest authorities previously planted saplings there. Subsequently, residents of Kolur began cultivation without proper documentation. The forest department now asserts its ownership of this land. Previously, the govt decided to establish an industrial corridor between Ganajur and Kolur across 407 acres, comprising both govt and private land. Within this, the first phase involving a 200-acre industrial layout was contracted to Bengaluru-based SRC Infra. While the initial phase is 80% complete, farmers are resisting development in the second phase. "At least 59 farmers have been claiming that they are cultivating 68 acres of land in Koluru village, but these farmers don't have any documents. These farmers have been demanding compensation like other private landowners whose land was acquired for the purpose. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like How to Trade ETH/USD Without Holding Ether IC Markets Learn More Undo But without proper ownership of the property, KIADB could not provide compensation to the farmers," stated a senior revenue department official. Deputy commissioner Vijay Mahantesh Danammanavar conducted a meeting with KIADB officials, Haveri tahsildar, and forest authorities, delegating land-related responsibilities to the tahsildar. "I asked for a detailed report from the tahsildar of Haveri after receiving applications from the farmers who claim to have been cultivating govt land for a long time. We will submit the report to the govt, and the govt will make a decision. We will complete the development works of the first phase of the industrial corridor by the end of Dec," assured DC Danammanavar. Entrepreneur Ramesh Ballari noted that numerous individuals waiting to establish industries have applied for land in the new corridor. However, land disputes persist despite ongoing construction. "Following this, many entrepreneurs are frustrated because they are not able to execute their ideas through their startups. The KIADB and department of industries and commerce (DIC) should complete the corridor work and allot layouts as early as possible," he demanded. Attempts to reach Ashok Pyati, joint director of the DIC for comments were unsuccessful.
The Print
19 hours ago
- The Print
Karnataka IT minister expresses concern over US tariffs; says Centre must act fast
The remark comes at a time when Karnataka – already a thriving hub for innovation and technology – is seeking to expand its footprint in high-end electronics manufacturing with players like Apple suppliers Foxconn and Tata Electronics. He urged the Centre to take swift and decisive action to protect the country's electronics manufacturing ecosystem. New Delhi, Aug 1 (PTI) Karnataka IT Minister Priyank Kharge on Friday expressed concern over the US decision to impose a 25 per cent tariff on Indian exports, warning that it could undermine the country's competitiveness against emerging rivals like Vietnam. 'This requires a lot more deep dive because it has been 24 hours since the US has announced these trade tariffs. But I think this is something that the Government of India seriously needs to look at,' Kharge told PTI in an interview. He highlighted the competitive challenges India faces against competing nations like Vietnam, now with these tariffs. 'If you look at the people whom we are competing at the global scale as a country, it is with Vietnam and China, Indonesia, and we are the highest in Asia…Vietnam is at 20 per cent,' he said. Kharge emphasised the limitations of state governments in addressing global trade issues and called upon the Centre to assess and strengthen its policy response to safeguard India's interests. 'So quite naturally, it will have some sort of bearing. And this is something that the state governments cannot do alone. And we are willing to support the central government in whatever way we can. But the point remains…a massive miscalculation of policies by the central government..,' he said. Stating that 'so-called proximity' with US had not yielded any results for India, Kharge said: 'in fact, it has become quite devastating for smaller manufacturers as well. So this is something that I think the central government needs to pull up, get their act together on'. Kharge said it's only natural for countries to protect their own ecosystems, and as the US pushes its 'Make America Great Again' agenda, India too must safeguard its own interests. 'Look, quite naturally, see, everybody will protect their ecosystem. While the President of the United States will try the MAGA slogan of 'Make America Great Again', we need to protect ecosystems as well,' he said. Geographical boundaries have become almost non-existent, due to factors like technology, cost of labour, cost of production, innovation, and cost of servicing the entire supply chain is very important, he noted. 'And the strides that we have made in Karnataka or for India, we stand to lose if we don't solve this problem, early on. And I think, like I said, again, at the cost of sounding repetitive, central government should get its act together on this. Yes, it's going to have some sort of effect on the bigger manufacturers… the supply chain is very important,' he said. He said it is still too early to assess the response of the entire ecosystem. 'So we'll have to wait-and-watch and see before I can comment anything on the entire ecosystem… It's just not about Apple or about Foxconn. It's just not about their OEMs. We are manufacturing on scale for various components across sectors, whether it is smartphones, semiconductors or space tech. And I think we should see this ecosystem as a whole and not for one particular company,' Kharge said. Asked if the state government is in touch with electronics manufacturing companies and technology players to assess their next course of action, he said: 'We have spoken to a few people. And of course, they're also a little uncertain, rather, and they don't want to have any knee-jerk reactions for whatever the American government has to say.' 'So I think everybody is just waiting and watching what central government will do..,' he said. The US has announced a 25 per cent tariff on India as the White House released a list of duties that Washington will levy on exports from nations across the globe. In an Executive Order titled 'Further Modifying The Reciprocal Tariff Rates' President Donald Trump announced tariff rates for nearly 70 nations around the world. PTI MBI ANZ HVA This report is auto-generated from PTI news service. ThePrint holds no responsibility for its content.
Time of India
19 hours ago
- Time of India
State government intervention not needed in TCS layoffs: Priyank Kharge
Academy Empower your mind, elevate your skills The massive layoffs announced by IT major TCS were a business decision, and do not need intervention from the Karnataka government, state IT minister Priyank Kharge told Mint on Friday."TCS overestimated their business and had a heavy bench strength, thus leading to a course correction. A very little part of it had to do with artificial intelligence (AI). Now, be it AI or any other disruptive technology, the industry needs to ensure that human resources remain on top of necessary skills. As the state government, we need to work with industries to ensure that the available talent becomes more employable,' Kharge is quoted as saying by the government will only step in if it is demonstrated that AI upskilling incentives are in order to secure tech jobs, he comes after Karnataka labour minister Santosh Lad asked the IT services company to explain the reason behind cutting nearly 12,000 Karnataka State IT/ITeS Employees Union (KITU) had also taken a strong objection over the mass retrenchment and filed a complaint against TCS with the additional labour commissioner G union sought legal action against the management for violations of the provisions of the Industrial Disputes Act, 1947, as well as the conditions imposed by the Government of Karnataka concerning the reporting of service remarks are in line with CEO K Krithivasan's comments about job cuts , when he said the layoffs were a result of a 'skill mismatch' and not industry body Nasscom has anticipated more job cuts , saying it expects 'workforce rationalisation' in the near term.
