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News18
30-07-2025
- Business
- News18
Ministers Patil, Kharge to meet CM on Karnataka investment promotion policy
Last Updated: Bengaluru, Jul 30 (PTI) Karnataka Minister for Large and Medium Industries M B Patil and IT/BT Minister Priyank Kharge will soon discuss the investment promotion incentive policy report with Chief Minister Siddaramaiah, officials said on Wednesday. The report is being prepared by the Principal Secretaries of the Industry and IT/BT departments, and the meeting with the CM is scheduled shortly after its submission, they said. According to an official statement, the two ministers held a crucial meeting earlier in the day to deliberate on projects that require joint implementation by both departments, as well as initiatives that necessitate inter-departmental coordination. The policy framework for incentives and concessions for several key industries, including the proposed Space Park and Electronic Components Manufacturing Park, is currently in the preparatory stage. 'The IT Department is formulating a special incentive policy for the ESDM (Electronic System Design and Manufacturing) sector. Complementing this, the Industries Department is also expected to develop a strategy to attract investments in the electronic manufacturing sector," the statement said. 'In some cases, overlaps in incentives offered by both departments have been observed. It is learnt that the meeting felt the need to eliminate such overlaps to ensure better coordination," it added. These include a 100-acre Space Park either at Adinarayana Hosahalli 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. The Department of Large and Medium Industries has been requested to allocate land for these proposed projects. The Minister noted that there is a norm for drone testing centres to be located in relatively isolated areas. Since Hesaraghatta has now become part of the capital city, this may pose a challenge. During such a scenario, efforts will be made to identify alternative suitable locations, he added. Regarding data science centres and manufacturing plants, Minister Patil said these industries require substantial power and water supply. 'At present, industries in Bengaluru are provided 2–3 TMC of water, whereas other regions lack such access. To address this, the government is considering formulating an Industrial Water Security Policy and promoting alternative power generation," he said. The government plans to supply 50 per cent of the required water to industries, while the remaining 50 per cent is expected to be managed through recycling by the industries themselves. A comprehensive plan has been drawn up to supply water to KIADB (Karnataka Industrial Areas Development Board) facilities across the state at an estimated cost of Rs 3,750 crore, Patil added. PTI AMP ROH view comments First Published: July 30, 2025, 22:30 IST Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
Time of India
30-07-2025
- Business
- Time of India
Karnataka may offer sops to step up smartphone production, exports
Academy Empower your mind, elevate your skills Karnataka may come up with specific concessions to scale up smartphone manufacturing and step up the state's share in smartphone minister MB Patil and IT/BT minister Priyank Kharge felt the need for such an incentive package. The two ministers held a meeting with officials in Bengaluru in this regard, where they discussed projects that require joint implementation by both their 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 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 and Kharge also decided to discuss with chief minister Siddaramaiah about the investment promotion incentive policy being prepared by the industry & IT/BT 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 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 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 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 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 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.
Economic Times
30-07-2025
- Business
- Economic Times
Karnataka may offer sops to step up smartphone production, exports
ETtech Karnataka may come up with specific concessions to scale up smartphone manufacturing and step up the state's share in smartphone minister MB Patil and IT/BT minister Priyank Kharge felt the need for such an incentive package. The two ministers held a meeting with officials in Bengaluru in this regard, where they discussed projects that require joint implementation by both their departments. 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 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 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 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 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 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
