Aiming at speedy industrial development, Hubballi to host first ever ‘Invest Karnataka’ meet in February

Bangalore, December 17: With an aim of improving employment opportunities and attracting Bengaluru-centric industries to tier-2 cities in Karnataka, the State government is going to hold ‘Invest Karnataka’ at Hubballi in the second week of February.

 

 

 

Speaking at the preliminary meeting of the event organised by the Department of Industries and Commerce on Monday, Minister for Large- and Medium-Scale Industries Jagadish Shettar said that for the first time, the investors’ meet was being held in Hubballi primarily with the objective of attracting investors to tier-2 and tier-3 cities.

 

Shettar further added that the government wanted to initiate industrial development in Kittur Karnataka and Kalyana Karnataka regions of North Karnataka, Old Mysuru, coastal and Malnad region with the help of investors and entrepreneurs.

 

Emphasising on air connectivity, Shettar said that Hubballi had air connectivity to 18 major cities in the country now and flights were operating with an average occupancy rate of 80% to 90%. He said the State government would make modifications in the tax slabs to promote industrialists, and adequate land was available for those interested in setting up industries.

 

 

 

“Land banks had been created at Gamanagatti and Itigatti in Dharwad district and the same would be made available to entrepreneurs and investors, apart from various other facilities and concessions,” Shettar said.