On the lines of National Institute for Transformation of India (NlTl Aayog), the Karnataka government on Saturday restructured the Karnataka State Policy and Planning Commission (KSPPC) as the State Institute for Transformation of Karnataka (SITK).
This is aimed at increasing the Gross State Domestic Product (GSDP) and removing regional imbalances in development indicators.
₹150 crore would be allocated annually to SITK for its effective functioning, an order issued by the government said. The Chief Minister would be the chairman of SITK.