Karnataka State Incentives for Industry

Karnataka State Industrial Policy - FY 2020-2025

The Government of Karnataka has introduced state industrial policy for years starting from 2020 to 2025. 

Karnataka is a land of immense opportunity and innovation. It is ideally positioned to make the future happen today. The State’s manufacturing process is supported by critical enablers such as: thriving ecosystem, highly skilled and talented workforce, empowering institutional & policy environment; favourable business climate and robust infrastructure. 

Government has taken many initiatives to enhance its stature as one of the leading high-tech industrialized States in the country and is in the forefront of attracting investments from across the country and abroad. As a result, the State ranks 1st in attracting investment intentions since 2016 and has attracted FDI of US$ 37.67 billion during the period April 2000 to March 2019, constituting 9 per cent of the all India FDI. Government of Karnataka comes out with industrial policies at regular intervals of five years to ensure a well-balanced, sustainable and inclusive industrial development throughout the State. 

The State Government had announced Karnataka Industrial Policy 2014-19 read at above for promoting manufacturing industries in the State. This Policy came into effect from 01.10.2014 and had validity for a period of 5 years or till the announcement of New Industrial Policy is announced. During formulation of the New Industrial Policy 2020-25, several interactions and stakeholder consultations were held across the State wherein views, demands and suggestions of industry / industry associations / departments on key areas have been received and intricately incorporated in the policy. The new industrial revolution presents new opportunities for industry, particularly manufacturing and manufacturing-related service industries including smart manufacturing, customization, collaborative production etc.

The focus of the New Industrial Policy 2020-25 is to build on the strengths of Karnataka’s industry and to enable it to fulfill its role as the engine of growth and to shoulder responsibility of adding more hi-tech value and employment.

Read the booklet on Karnataka State Industrial policy for more details of state incentives:-

Karnataka State Industrial Policy

In case you need any support in obtaining the state incentives in Karnataka, feel free to reach out to us.

Looking for UP state industrial policy? Click here


More Posts

Digital Advertisement Policy

Digital Advertisement Policy

It is a significant move to harness the potential of digital media for government communication. This policy empowers the Central Bureau of Communication (CBC), the

Send Us A Message