Karnataka

Belagavi district attracts over ₹570 crore investment

Minister for Large and Medium Industries Jagadish Shettar addressing the investors’ meet in Belagavi on Wednesday.

Minister for Large and Medium Industries Jagadish Shettar addressing the investors’ meet in Belagavi on Wednesday.  

Shettar holds one-on-one meeting with potential investors

Entrepreneurs have expressed their desire to invest over ₹570 crore in Belagavi district, following an interaction with Minister for Large and Medium Industries Jagadish Shettar here on Wednesday.

Mr. Shettar held a one-on-one meeting with potential investors after a general session, where he assured them of action swifter than they expect on any issue and a industry-friendly environment.

At the opening session, Mr. Shettar said that by December, the State would roll out a new industrial policy to suit the modern era and to replace the one that would expire by this month. In the new policy, priority will be given to setting up of guidelines for industrial land allotment and price fixation, and improving the functioning of single-window system to give hassle-free clearance to establish industries, he said.

Anil Benake, MLA, said Belagavi was a land of linguistic harmony and the residents of the district would welcome investors from the neighbouring State.

Officials later said investments were expected from Indo Count Industries and Godavari Biorefineries of Mumbai, Jina Special Steel Works Pvt. Ltd. and Kwality Animal Feeds Pvt. Ltd., Vijay ShantriAgro Tech Export, Ashok Iron Works Pvt. Ltd., and Shree Anand Life Sciences Pvt. of Belagavi.

Gaurav Gupta, Principal Secretary, Commerce and Industries, made a presentation about the steps being taken by the State government to attract investment. He spoke on the reforms that made the business environment conducive for absorbing new investments from across sectors.

Government’s focus

He spoke of the overall environment in Belagavi district and said that the government’s focus included bringing industrial infrastructure, policies and practices to global standards and making the State a global manufacturing hub.

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Printable version | Jun 4, 2020 5:05:04 AM | https://www.thehindu.com/news/national/karnataka/belagavi-district-attracts-over-570-crore-investment/article29394899.ece

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