More than 200 entrepreneurs have shown interest in investing in the Mysuru-Chamarajanagar belt to establish micro and small industrial units in the region. This was the focus at the Mysuru Investors Meet held here on Saturday, as a precursor to the Global Investors Meet (GIM) to be held in Bengaluru in February.
The focus of the investors meet – inaugurated by the Minister for Cooperation H.S. Mahadeva Prasad – was on establishing micro and small scale industrial units.
The government has promised them all assistance, besides expediting the regulatory process through a single-window system including allotment of land, registration, power supply, water supply, etc. First generation entrepreneurs will have additional benefits from the government for investment in the region, by way of subsidy.
“The subsidy for investing in more backward areas like H.D. Kote is 25 per cent, while that for investment in the industrial belts of Mysuru and Kadakola near Nanjangud is 15 per cent,” said Suresh Kumar Jain, General Secretary of the Mysore Industries’ Association. Efforts will be made to fund the ventures through nationalised banks or the Karnataka State Finance Corporation (KSFC).
He told The Hindu that the mega project including medium and large scale units will be cleared at the GIM in Bengaluru and the focus of the Mysuru Investors Meet was on micro and small scale units. “An MoU will be signed by the government agencies with the entrepreneurs to take forward the process,” Mr. Jain added.
Manufacturing, electrical, electronics, solar, automobile, textile, granite, pharmacy, and chemical industries have been represented by the entrepreneurs. “Unlike in the previous exercise, we have identified genuine investors and are confident of their projects materialising within a short time frame,” said an official involved with the programme. Coinciding with the investors meet is the three-day MyInd Trade Show being held at the Bharat Scouts and Guides Ground behind the Deputy Commissioner’s office.
