SME Times is powered by   
Search News
Just in:   • Adani Group to invest Rs 57,575 crore in Odisha  • 'Dollar Distancing' finally happening? Time for India to pitch Rupee as credible alternative: SBI Ecowrap  • 49% Indian startups now from tier 2, 3 cities: Jitendra Singh  • 'India ranks 3rd in global startup ecosystem & number of unicorns'  • LinkedIn lays off entire global events marketing team: Report 
Last updated: 21 May, 2020  

Karnataka Map THMB 70% of Karnataka industries resume work amid lockdown

Karnataka map
   Top Stories
» 49% Indian startups now from tier 2, 3 cities: Jitendra Singh
» 'India ranks 3rd in global startup ecosystem & number of unicorns'
» Tripura exported over 9K tonnes of pineapples in 2 years
» CPI inflation eases to 6.71% in July, IIP falls to 12.3%
» Rupee depreciates 12 paise to close at 79.64 against US dollar
SME Times News Bureau | 21 May, 2020
About 70 per cent of industries across Karnataka resumed operations after restrictions were relaxed during the extended lockdown, an official said on Thursday.

"About 70 per cent of industries have resumed operations in the state after restrictions of the guidelines were relaxed since May 4 when the lockdown was extended for the third time till May 17," an official told IANS after Chief Minister B.S. Yediyurappa reviewed the functioning of the state industry department with Minister Jagadish Shettar and top officials here.

Industrial activity across the southern state was halted abruptly when the 21-day lockdown was suddenly enforced from March 25 to April 13 to contain the Covid spread and extended thrice since then up to May 31, with its norms eased in every phase to revive the economy battered by the pandemic.

"The department is drafting a special incentive scheme to attract investments from across the country and overseas, especially from China where industries have evinced interest in setting up their operations in other countries like India in the post-Covid period," said the official.

The state government has set up a special task force to attract global firms keen on relocating their operations from China after their functioning was affected by the coronavirus spread in the mainland.

"The state government had also amended the Land Reforms Act in March to simplify the procedure for buying land by prospective industrialists and investors in the state, recalled the official.

On Prime Minister Narendra Modi's directive, the state government has told the districts to simplify the land acquisition process for entrepreneurs and investors.

"Measures have been taken to simplify the process of setting up industries at every district level for job creation and economic recovery by turning the Covid challenge into an opportunity," asserted the official.

On the Central government's advisory, 22 manufacturing companies have been producing PPE (personal protection equipment) kits since the lockdown began in March third week.

"Similarly, four firms are manufacturing ventilators and about 40 distilleries have been granted licence to make sanitizers to minimize their import from China and other countries.

The Chief Minister also reviewed the performance of the labour department and directed it to register all workers from across the state and other states with the unorgainsed labourers' welfare board.

State Labour Minister Shivaram Hebbar, Shettar and Chief Secretary T.M. Vijay Bhaskar participated in the review meeting along with senior officials.
 
Print the Page
Add to Favorite
 
Share this on :
 

Please comment on this story:
 
Subject :
Message:
(Maximum 1500 characters)  Characters left 1500
Your name:
 

 
  Customs Exchange Rates
Currency Import Export
US Dollar
66.20
64.50
UK Pound
87.50
84.65
Euro
78.25
75.65
Japanese Yen 58.85 56.85
As on 13 Aug, 2022
  Daily Poll
PM Modi's recent US visit to redefine India-US bilateral relations
 Yes
 No
 Can't say
  Commented Stories
» GIC Re's revenue from obligatory cession threatened(1)
 
 
About Us  |   Advertise with Us  
  Useful Links  |   Terms and Conditions  |   Disclaimer  |   Contact Us  
Follow Us : Facebook Twitter