Large and Medium Industries Minister M.B. Patil on Monday said Karnataka has set its eyes on becoming a $1 trillion economy by 2032, by growing at a sustained rate of 18%.
The Minister stated this while addressing delegates from over 30 countries at the 54th World Trade Centers Association (WTCA) Global Business Forum, being hosted for the first time in Karnataka and for the second time in India. The event jointly organised by New York World Trade Centers Association and Bengaluru World Trade Centers Association was inaugurated by Deputy Chief Minister D.K. Shivakumar.
Listing the initiatives being taken up by the government to achieve such a target, the Minister said, “Together with the private sector, the government has been supporting manufacturers with various land and infrastructure interventions for setting up plug-and-play industrial parks and clusters on several thousands of acres of industrial land in the Beyond Bengaluru region. Modernising supply chains by connecting developed and proposed clusters to ports, rail and air would also give the sector a significant boost.”
