A New Industrial Policy (2014-19) providing for liberalized and enhanced incentives and concessions has been announced. It aims to attract investment of Rs.5 lakh crore and generate employment potential for 15 lakh persons. The Policy also provides for additional incentives for industries in backward taluks and enhance incentives to women, SC, ST, Backward Classes and Minorities. In the last two years, 362 projects with proposed investment of Rs.95,520 crores providing employment potential for 2,26,995 persons have been approved. Procuring land for industry has been made simpler. New Industrial corridors and National Investment Manufacturing Zone are being established in backward regions viz, Yadgir and Chamarajnagar taluks.
Karnataka has brought out a new Policy for the IT Sector which aims to take IT to Tier-2 and Tier-3 cities. A number of initiatives are being taken up to encourage growth of start upst Incubations Centre, Skill
Development Programme and providing Wi-Fi in several areas. A Green Field Information Technology Investment Region is being planned.
A New Textile Policy (2013-18) providing for various incentives to the textile sector has been notified. Mega Textile Park, Silk Mega Clusters and Integrated Textile Park are planned to be established.
The State has provided more than Rs.1000 crore for development of various projects in the Railway and other Infrastructure projects in the last two years. City Gas Distribution is also being planned for Bengaluru city
The Congress Led Government follows the great tradition of the Congress Party by extending a Helping Hand to everyone, especially to the poor and the needy, the oppressed and the weaker sections, in the next three years. Karnataka will be a role model to be emulated.