Synopsis
The government can offer incentives and concessions to investors only within the framework of sectoral investment policies, and any demands or proposals over and above them will go to the cabinet sub-committee.Listen to this article in summarized format
The government can offer incentives and concessions to investors only within the framework of sectoral investment policies, and any demands or proposals over and above them will go to the cabinet sub-committee.
A few proposals in the areas of electronics, semiconductor and manufacturing came up for discussion at Wednesday's meeting, and the chief minister also heard from the finance department about the availability of funds. The committee, however, cleared some of them based on input from the department concerned and the finance department.
The industries department, headed by Minister MB Patil and IT/BT department, led by Minister Priyank Kharge, had moved a few proposals, according to sources.
Senior officials declined to share details of the proposals discussed citing stiff competition from other states and any leak on incentives offered could go against the interests of Karnataka.
Deputy CM DK Shivakumar, energy minister KJ George, science & technology minister Bose Raju, and sugar minister Shivanand Patil, chief secretary Shalini Rajneesh, additional chief secretary (finance) Ritesh Kumar Singh, industries department principal secretary S Selvakumar, IT/BT department secretary N Manjula and additional chief secretary to CM, Anjum Parvez participated in the discussions.
