The Karnataka government, in an ambitious move to bolster industrial growth in the state, has established nine new vision groups led by Large and Medium Industries Minister M B Patil. These groups are tasked with propelling sectoral development, recognizing promising investment prospects, and suggesting measures to make the state more attractive to potential investors.
Source: DH
In a statement released on Friday, Minister Patil highlighted the key sectors that these visionary groups will be focusing on. These sectors include Aerospace and Defense, Machine Tools, Electronics System Design and Manufacturing (ESDM), Pharmaceuticals, Core Manufacturing, Automotive/Electric Vehicles, Industry 5.0, Textiles, and Green Energy.
Each of these groups will consist of industry experts as members, with the Additional Chief Secretary/Principal Secretary to the Government, Commerce and Industries Department serving as the Vice-Chairperson for all the groups. The Chief Executive Officer of the Invest Karnataka Forum will assume the role of the Member-Secretary, according to the statement. Expressing his vision for Karnataka’s industrial development, Patil emphasized the state’s objective to become the leading destination for future-tech manufacturing in Asia, focusing on sustainable and equitable growth.
Source: Outlook Business
To materialize this goal, the government has strategically devised the formation of these vision groups. Patil emphasized that these groups will provide vital direction and strategic insights to the department, facilitating the formulation of comprehensive sectoral plans, identification of lucrative investment prospects, and recommendations for enhancing Karnataka’s appeal to potential investors.
Furthermore, these groups are envisioned to play a pivotal role in providing timely guidance and counsel to ensure the state’s continual progress. With these initiatives in place, the Karnataka government is poised to pave the way for a thriving industrial landscape, fostering innovation and sustainable growth.
