SME Times News Bureau | 06 May, 2020
The Karnataka government is mulling a relief package for micro, small
and medium enterprises (MSMEs) to help revive growth in the state struck
by Covid pandemic, state Large and Medium Scale Industries Minister
Jagdish Shettar said on Tuesday.
"A special relief package for
MSMEs is under discussion with the government," said Shettar following a
virtual meeting with select industry leaders.
Shettar had a
video conference with Biocon Chairperson Kiran Mazumdar Shaw, former
Infosys CEO Krish Gopalakrishnan and Infosys Chairman Nandan Nilekani on
how to revive growth in the state.
The industry leaders advised
Shettar to improve the single-window clearance system, easing land
acquisitions regulations and leveraging Bengaluru knowledge worker base.
They
also suggested that the government should identify 100 companies to
reach out to invest in the state as some companies have stated that they
will leave China.
Meanwhile, Shettar said the government is also in the process of notifying a new industrial policy.
