Ahead of the State budget, Mysore Industries Association (MIA), which has the representation of industries from Mysuru, Mandya and Chamarajanagar districts, has sought a new industrial policy, withdrawing the existing policy for 2020-25. It cited several flaws in the policy and claimed that it was industry unfriendly, particularly with the procedures for releasing financial assistance for setting up new industries.
In a memorandum to Chief Minister Siddaramaiah, who will be presenting the Budget this month, the association said the existing policy either be revised, addressing the flaws or a new policy be announced on the lines of the one that existed during the earlier regime of Mr. Siddaramaiah.
The MIA sought 25% discount in the sites or sheds allotted by the KIADB to those belonging to 2A Category and religious minorities and demanded that the scheme which allowed the entrepreneurs for making the payment for the sites or shed in instalment, be announced.
