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Construction : Deals | October 2014 | Source : Construction Update

Karnataka to announce new industry policy aiming Rs 5 lakh crore of investment

The Government of Karnataka is likely to announce its new industrial policy for 2014-2019 soon. The aim is to attract investment to the tune of Rs 5 lakh crore and generate 15 lakh jobs in the five year term. The proposed is likely to be industry friendly, on one hand it would help the existing companies to relocate or close their plants and make it attractive for new entrants to set up their units. The Government has created zones such as Hyderabad Karnataka region (Zone 1), Special Zone, Most Backward Zone (Zone – 2), More Backward Zone (Zone – 3), Backward Zone (Zone – 4) and Industrially Developed Zone (Zone – 5).
 
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