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ABOUT KARNATAKA Karnataka State is Located in the Deccan Plateau in the southern part of the Indian subcontinent, Karnatak’s planned economic development began with the appointment of Sir M. Visveswaraya as the Dewan of the erstwhile Mysore State (precursor to modern-day Karnataka). Karnataka State was formed on November 1st, 1973. November 1st is popularly
known as Karnataka / Karnataka Rajyothsova. Bangalore is the Capital of Karnataka.
INDUSTRIAL
SCENARIO: Karnataka has always been at the forefront of Industrial Growth in India. With its inherent capabilities coupled with its enterprising citizens, Karnataka provides the ideal choice for investment opportunities. ·
Superior
Human Resources, which includes trained technical manpower in Engineering,
Management and basic sciences. ·
High
level of research and development facilities originating number of Central
Government Laboratories and Research Institutes located in Karnataka. ·
Favorable
climate and Habitat. ·
Excellent
communication facilities and accessibility with Broad Gauge, Air Port and Sea
Port. ·
Hormonious
Industrial Relations.
INFRASTRUCTURE: The State Government has created several Organisation and Institutions to provide infrastructural support to the Private Sector enterprises. ·
The
Directorate of Industries and Commerce Co-ordinates all activities related to
Industrial Development. ·
It
allots Power, Land, Water besides Sanction of fiscal incentives. ·
Karnataka
Industrial Area Development Board acquires Land for development of Industrial
sites. ·
TECSOK
provides expert consultancy service to Small Entrepreneurs at moderate charges. ·
Karnataka
State Financial Corporation provides loans to start the industries. ·
Karnataka
State Small Industries Development Corporation provides Industrial Sheds with
infrastructure and also supplies basic Raw materials to the Industries.
INFORMATION TECHNOLOGY: ·
Major
Information Technology activity in Karnataka is concentrated in Bangalore.
Bangalore is also referred to as SILICON Valley of India.
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