Karnataka

KARNATAKA

General Profile

Situated on a tableland where the Western and Eastern Ghat ranges converge into the Nilgiri hill complex, the state of Karnataka is confined roughly within 11.5 degree north and 18.5 degree north latitudes and 74 degree east and 78.5 degree east longitude. The state is bounded by Maharashtra and Goa states in the north and northwest; by the Arabian Sea in the west; by Kerala and Tamilnadu states in the south and by the state of Andhra Pradesh in the east.

Karnataka has been a pioneer in industry. For several years, the state has been pursuing progressive industrial policies to meet the changing needs of the state’s economy and industry. In recent times, Karnataka has emerged as the knowledge and technology capital of the country. IT and related industries, bio-technology and strong research and development institutions have given Karnataka a global advantage.

Advantage Karnataka

• Investor friendly Government- Simplified procedures, Fast Track approvals through Single Window Mechanism, and escort service from Karnataka Udyog Mitra.
• Salubrious climate, congenial environment, rich culture, cosmopolitan lifestyle, excellent health care and education facilities.
• Good connectivity and good logistic Support for investments.
• Good Infrastructure- availability of land, quality power and water.
• Excellent telecommunication network and optical fiber connectivity thought the state.
• Good law and order, best industrial relations and lowest man-days lost.
• Among the Country’s top 5 industrialized states.
• Over 500 MNCs and 66 global fortune 500 companies doing business in the state.
• Presence of leading IT, Biotechnology, Electronics, Telecommunications and heavy machinery companies.
• Presence of More than 100 world-renowned high-end research and development organizations in the State.
• Highly skilled manpower base- large number of engineering colleges and Technical Institutions.
• First State to bring Industries Facilitation Act to ease the environment for doing business in the state.
• Among the fastest growing and largest markets in India.

Economic Profile

Break up of Economic Activities

Investment Profile in the State

Distinguishing features with regards to investment scenario:

• Conservative fiscal policies of the state administration
• Relatively healthy state finances
• Well developed and adequately -maintained telecom infrastructure
• Easy availability of highly skilled workers
• Few industrial disputes.

Investment Opportunities

• Engineering
• Automobile and Auto Components
• Aerospace
• Aircraft Maintenance, Repair and Overhaul
• Information Technology
• Biotechnology
• Pharmaceuticals
• Apparels and Textiles
• Food Processing
• Steel and Metallurgical Industry
• Contract Research and R&D
• Oil Refining and Petrochemicals
• Tourism
• Express Highways
• Minor Seaports
• Minor Airports
• Water Supply Projects
• Waste Water Treatment Projects
• Industrial Parks / Townships
• Power Generation & Distribution
• Bridges, Flyovers & Urban Transport Systems
• Aerospace Technology & Aircraft maintenance