Bengaluru, Nov. 5: Sounding optimism over the implementation of various projects, Large and Medium Industries Minister Dr. Murugesh R Nirani said the total investment proposals are expected to create over 6 lakh jobs across the state.
The minister was briefing the media personnel at a private hotel here on the outcomes of the three-day investors’ conclave.
“These investments will create job opportunities for over 6 lakh people. We have a highly skilled workforce that can be tapped by the industries. Karnataka is now the most suitable destination for new investments,” Nirani maintained.
Land allotment and implementation:
Clarifying the government’s position on land allotment to industries, the Minister reiterated that land will not be sold to industries.
“We will not sell the land to investors to set up industries but will allot land on lease deed. If the investors fail to utilize the allotted land for the said purpose then the government will take it back,” clarified Nirani. The Minister also added that some big-time investments may take up to five years to implement the projects.
Approval within 90 days:
Nodal officers will be appointed to implement/approve the MoUs made in the GIM within 90 days. District-wise Coordination Committee and nodal officers will be appointed for the implementation of the MoUs. Around 70% of the projects will see conversion” he explained.