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New Industrial Policy will create 20 lakh jobs in 5 years: Minister Shettar January 20, 2021 Mysore/Mysuru: Karnataka’s New Industrial Policy has aimed at attracting Rs. 5 lakh crore investments that could create employment for 20 lakh people by 2025, said Large and Medium Scale Industries Minister Jagadish Shettar here yesterday. Releasing the New Industrial Policy 2020-25 handbook here, Shettar said that the State Government has decided to focus more on industrially backward districts, Tier-II and Tier-III cities. Impetus had been given mainly on automobile and spare parts, pharmaceutical, medical and engineering equipment, knowledge-based industries, logistics, renewable energy, aerospace, defence and electric vehicle manufacturing. To help this, Sec. 79 A and B section in Land Reforms Act had been scrapped to attract more investment in Karnataka. Provision had been made for the business entrepreneurs to directly deal with farmers to buy 54 acres.

Gaurav guptaJagadish shettarGunjan krishnaIndustrial developmentLevel single window clearance committeePromotion of the ministry commerceMedium scale industriesIndustries departmentMinistry of industryLevel committeeNew industrial policyMedium scale industries minister jagadish shettarState governmentLand reforms actBengaluru urbanInternal trade promotion