Karnataka-Investment and Industrial Policies
Agribusiness and Food Processing Policy 2015
Karnataka's economy is an agrarian economy and as such the overall development of the State is mainly depending on the growth and development of agriculture and allied sectors. There has been significant increase in productivity and quality in the food production in the State over the last decade. There has also been change in the cropping pattern from conventional food crops to that of high value crops such as fruits, vegetables, flowers and plantation crops. Though this has raised the income levels, employment opportunity and the scope for agro based industry; there is still a considerable gap in the form of infrastructure and technology leading to glut, scarcity, fluctuation in prices, wastage and poor remunerative prices.
Aerospace Policy 2013-2023
Karnataka is home to India’s Aerospace industry. The establishment of Hindustan Aeronautics Limited (HAL) in 1940 heralded the aerospace activities in Bangalore. Subsequent establishment of defence public sector undertakings and R&D institutions like BEML, BHEL, GTRE, NAL, DRDO, ADA, ADE, ISRO, IISc etc., positioned Karnataka as a prime location for Aerospace industry in India.
India’s Aerospace & Defence (A&D) sector is at an inflection point. Various estimates put the A&D expenditure on acquisitions at around Rs. 5 lakh crores (US
$ 100 Billion) over the next 10 years. The robust growth potential of the industry is attracting global majors in Aerospace sector to set up shop in India thereby
providing tremendous opportunities for Indian industry participation.
Biotechnology Policy 2017-2022
Karnataka is the biotech capital of India underpinned by a robust ecosystem owing to the presence of prominent educational and research institutions as well as an array of biotech enterprises, including established companies and promising start-ups. Karnataka has been at the forefront of biotechnology in India and is rightly known as the biotech capital of India. Over the years, the development of a strong ecosystem and modern infrastructure through a proactive policy framework enabled Karnataka to achieve sustainable development and become the flag bearer of India’s biotechnology growth. Bengaluru, Karnataka’s science capital and Asia’s fastest growing technopolis, has developed into an ideal base for the biotechnology industry
Electric Vehicle & Energy Storage Policy 2017
The twentieth century has been an era of Internal Combustion Engines (ICE) primarily on account of accessibility - ease of use and affordability-low-cost of fossil fuels. The shift to electric mobility has become necessary due to the fast depletion of fossil fuels, increase in energy costs, impact of transportation on the environment and concerns over climate change.
Export Promotion Policy
The ongoing process of opening up of the Indian economy, changing Industrial and trade policies over the last decade and the formation of WTO have together given rise to stiff challenges as well as tremendous opportunities for Indian Industry. While the challenges are the result of liberalised imports of raw materials, components and finished products from across the globe in an increasingly reducing tariff regime, the opportunities arise from the opening up of the world markets for Indian industry.
Integrated Agribusiness Development Policy 2011
The Government of Karnataka considers high growth of agriculture and allied sectors as a means to accelerate the state's GDP growth, enable farmers to earn higher income and ensure food security. Karnataka has rich biodiversity and ten agro-climatic zones suited for majority of the agricultural & horticultural crops and a long coastline that encourages fisheries. The state contributes around 7% of the agricultural production and 15% of the horticultural production in the country. It contributes around 10% of the fruit & vegetable production in India. Its climate endowment suits cultivation of cash crops like coffee, coconut, mango, spices, commercial flowers, aromatic plants, cotton, sugarcane, oilseeds, grapes, pomegranate, sapota, etc.
Karnataka Industrial Policy 2020-25
Karnataka is a land of immense opportunity and innovation. It is ideally positioned to make the future happen today. The State's manufacturing process is supported by critical enablers such as: thriving ecosystem, highly skilled and talented workforce, empowering institutional & policy environment; favourable business climate and robust infrastructure.
Startup Policy 2015-2020
As per the Global Startup Ecosystem Ranking Report 2015,”Bangalore is home to approximately 3,100 to 4,900 active tech startups and has achieved the second highest growth rate for exit volume and VC investment among the top 20. As a result, Bangalore moved up four positions to #15 in 2015, advancing from #19 in the 2012 ranking”. As per this report Bengaluru is the only Indian city to be ranked within the best twenty startup eco systems across the world. The State's long and sustained leadership in driving the IT economy and conducive R&D ecosystems have contributed to this.
Tourism Policy 2015-20
Karnataka is home to several forts, architectural marvels and is blessed with a rich cultural heritage. Other diverse visitor attractions include pilgrim sites, coastal landscape and wildlife / national parks. The state also offers a variety of tourism products that cater to the demand from different visitor segments, such as, eco-tourism, wellness tourism and adventure tourism. Over the years, Karnataka has emerged as one of the most sought after tourism destinations in the country and also created a space for itself in the international tourism circuit.
