The Karnataka government intends to offer incentives for investors putting up industrial units in Tier-II and Tier-III cities, with an aim to promote balanced and healthy regional development of the state, chief minister Jagadish Shettar said on Thursday.
Speaking at the curtain-raiser function of centenary celebrations of the Department of Industries and Commerce, he said the idea is to take the pressure off Bangalore, which is the most sought-after destination of investors.
“Investors need to be encouraged to set up industries in places other than Bangalore,” he said asking the department to come out with incentives or tax concessions for investors opening shop in Tier-II and Tier-III cities and north Karnataka and backward regions of the state.
The government was ready to accept the proposal in this regard by the department, he said, adding, the government was keen to see that there is balanced and healthy industrial development in the entire state. Shettar sought to allay fears about acquisition of agriculture land for industrial projects, and stressed that only areas not fit for farming would be bought out for such units.
