State attracted most investments amidst pandemic: Bommai
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Karnataka has emerged because the most favoured funding vacation spot throughout the pandemic, between January and November, 2020, Minister for Large and Medium Scale Industries Jagadish Shettar stated within the Legislative Council on Tuesday.
“As per data released by the Union government, of the 1,308 Industrial Investment Intentions worth ₹3.95 lakh crore the country received during January-November, Karnataka has received 103 of them worth ₹1.59 lakh crore, that amounts to 41%,” Mr. Shettar stated, answering a query by JD(S) member Ramesh Gowda.
“I also thought that the pandemic would hit investments in the State and it may take a year or two to revive. However, that does not seem to be the case,” Mr. Shettar stated, including ease of doing enterprise, reforms to land reforms and labour codes have held the State in good stead as an funding vacation spot.
The Minister additionally stated the State high-level committee and single-window clearance committee have given their approval to 326 initiatives price ₹76,480 crore throughout March-December 2020. He stated these initiatives are anticipated to create 1.42 lakh jobs within the State.
