Karnataka was the first State in India to offer Production Linked Incentives (PLIs) to the semiconductor and FMCG sectors, Chief Minister Basavaraj Bommai told participants at India Manufacturing Show 2022, organised by Laghu Udyog Bharati-Karnataka IMS Foundation, at Bengaluru International Exhibition Centre on September 15.
The CM said the State Government understood the contributions of industries towards development, and therefore the government has made the required budgetary allocations, given special preference to industry-friendly policies and ensured ‘Ease of Doing Business’.
Investors are setting up industrial towns on the Chennai-Mumbai corridor, setting up various industrial units in Tumakuru, Chitradurga, Haveri, Dharwad and Belagavi, and industrial parks in Kalaburagi, Yadgir and Mysuru, he said.
