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New Indian Express
5 days ago
- Business
- New Indian Express
Karnataka to replicate ELCITA model across other industrial zones
BENGALURU: Karnataka will replicate its successful Electronic City Association Township or ELCITA model across other industrial zones to promote decentralised and cluster-based industrial development, Principal Secretary, Commerce and Industries Department, Dr S Selvakumar, said on Saturday. Selvakumar also confirmed that tax collections from Special Investment Regions (SIRs) will now be directly handled by the Karnataka Industrial Areas Development Board (KIADB), with 70% of the proceeds reinvested into infrastructure within those regions. He was speaking at the Viksit Bharat @2047 Investors' Roundtable Conference, where Secretary, Department for Promotion of Industry and Internal Trade (DPIIT), Ministry of Commerce and Industries, Amardeep Singh Bhatia, and principal secretaries from across south India gathered to align state-level initiatives with national industrial growth strategies. Selvakumar also highlighted state's ease-of-doing-business reforms, mentioning that the state's single-window clearance system now covers 105 of 153 services, reducing approval delays for investors. The roundtable was organised under the National Industrial Corridor Development Programme (NICDP). Bhatia urged southern states to adopt NICDP model, which includes 20 sector-specific industrial parks equipped with essential infrastructure such as water and power supply, electronics testing facilities, and solid waste management systems. Bhatia also outlined the goals of India's Vision 2047, calling for stronger Centre-state collaboration, support for MSMEs, and the acceleration of deep-tech startups for industrial growth.
Time of India
5 days ago
- Business
- Time of India
Viksit Bharat: Investors flag growing land use conflicts over industries
Bengaluru: Investors in Karnataka have expressed concerns over the increasing disputes related to land use for industrial purposes, Amardeep Singh Bhatia, secretary, Union department for promotion of industry and internal trade (DPIIT) said Saturday. Speaking on the sidelines of the Viksit Bharat @2047 Investors' Roundtable Conference in the city, Bhatia noted that the state govt is already taking steps to address the issues. "We will also do whatever is necessary to improve the condition," he added. Bhatia added that industry stakeholders also called for strengthening the single-window clearance system and upgrading infrastructure in existing industrial zones, especially by setting up effluent treatment plants. You Can Also Check: Bengaluru AQI | Weather in Bengaluru | Bank Holidays in Bengaluru | Public Holidays in Bengaluru The roundtable brought together senior policymakers, govt officials, and business leaders to chart strategies for long-term industrial growth in Karnataka and across southern India. The event was part of the Centre's broader push under the Viksit Bharat-2047 initiative to shape India into a developed economy by the centenary of its independence. Call to adopt Centre's model Bhatia said at the roundtable that the 20 industrial parks being developed under the National Industrial Corridor Development Programme (NICDP) will be fully equipped with essential infrastructure to meet the evolving needs of industries. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Brain tumor has left my son feeling miserable, please help! Donate For Health Donate Now Undo He called upon southern states to emulate NICDP's model of integrated industrial townships. "In the industrial townships developed under NICDP, infrastructure is not limited to roads. It includes water and power supply, sewage, solid waste management units, electronics testing facilities, and customised infrastructure for sectors like textiles," he added. S Selvakumar, principal secretary, Karnataka department of commerce and industries, said the state is making continuous improvements to simplify its industrial policy and enhance ease of doing business. "The single-window system launched by the govt has been revitalised," he added. Selvakumar assured that the Electronics City Association's 1,000-acre township model would be scaled and replicated across Karnataka. Addressing concerns about the underutilisation of local taxes collected from industrial areas, he said a new mechanism had been introduced. "From April onwards, the Karnataka Industrial Areas Development Board (KIADB) will collect taxes in Special Investment Regions (SIRs) and return 30% to local bodies, while the remaining 70% will be used to develop core infrastructure in these SIRs." Get the latest lifestyle updates on Times of India, along with Friendship Day wishes , messages and quotes !
