TED Theater, Soho, New York

Tuesday, September 24, 2019
New York, NY

The Event

As part of Global Goals Week, the Skoll Foundation and the United Nations Foundation are pleased to present We the Future: Accelerating Sustainable Development Solutions on September 21, 2017 at TED Theater in New York.
The Sustainable Development Goals, created in partnership with individuals around the world and adopted by world leaders at the United Nations, present a bold vision for the future: a world without poverty or hunger, in which all people have access to healthcare, education and economic opportunity, and where thriving ecosystems are protected. The 17 goals are integrated and interdependent, spanning economic, social, and environmental imperatives.
Incremental change will not manifest this new world by 2030. Such a shift requires deep, systemic change. As global leaders gather for the 72nd Session of the UN General Assembly in September, this is the moment to come together to share models that are transforming the way we approach the goals and equipping local and global leaders across sectors to accelerate achievement of the SDGs.




Together with innovators from around the globe, we will showcase and discuss bold models of systemic change that have been proven and applied on a local, regional, and global scale. A curated audience of social entrepreneurs, corporate pioneers, government innovators, artistic geniuses, and others will explore how we can learn from, strengthen, and scale the approaches that are working to create a world of sustainable peace and prosperity.


Meet the

Speakers

Click on photo to read each speaker bio.

Amina

Mohammed

Deputy Secretary-General of the United Nations



Astro

Teller

Captain of Moonshots, X





Catherine

Cheney

West Coast Correspondent, Devex



Chris

Anderson

Head Curator, TED



Debbie

Aung Din

Co-founder of Proximity Designs



Dolores

Dickson

Regional Executive Director, Camfed West Africa





Emmanuel

Jal

Musician, Actor, Author, Campaigner



Ernesto

Zedillo

Member of The Elders, Former President of Mexico



Georgie

Benardete

Co-Founder and CEO, Align17



Gillian

Caldwell

CEO, Global Witness





Governor Jerry

Brown

State of California



Her Majesty Queen Rania

Al Abdullah

Jordan



Jake

Wood

Co-founder and CEO, Team Rubicon



Jessica

Mack

Senior Director for Advocacy and Communications, Global Health Corps





Josh

Nesbit

CEO, Medic Mobile



Julie

Hanna

Executive Chair of the Board, Kiva



Kate Lloyd

Morgan

Producer, Shamba Chef; Co-Founder, Mediae



Kathy

Calvin

President & CEO, UN Foundation





Mary

Robinson

Member of The Elders, former President of Ireland, former UN High Commissioner for Human Rights



Maya

Chorengel

Senior Partner, Impact, The Rise Fund



Dr. Mehmood

Khan

Vice Chairman and Chief Scientific Officer, PepsiCo



Michael

Green

CEO, Social Progress Imperative







http://wtfuture.org/wp-content/uploads/2015/12/WTFuture-M.-Yunus.png

Professor Muhammad

Yunus

Nobel Prize Laureate; Co-Founder, YSB Global Initiatives



Dr. Orode

Doherty

Country Director, Africare Nigeria



Radha

Muthiah

CEO, Global Alliance for Clean Cookstoves





Rocky

Dawuni

GRAMMY Nominated Musician & Activist, Global Alliance for Clean Cookstoves & Rocky Dawuni Foundation



Safeena

Husain

Founder & Executive Director, Educate Girls



Sally

Osberg

President and CEO, Skoll Foundation



Shamil

Idriss

President and CEO, Search for Common Ground



Main venue

TED Theater

Soho, New York

Address

330 Hudson Street, New York, NY 10013


Email

wtfuture@skoll.org

Due to limited space, this event is by invitation only.

Save the Date

Join us on Facebook to watch our event live!

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December 1, 2020 by 0

Overall, the new industrial policy seeks to attract investment worth INR 5 trillion (approx. Other incentives include: The new policy encourages local hiring and as much direct employment as possible. The investment promotion subsidy will be based on 10 percent on turnover each year for a period of five years and limited to 20 to 30 percent of value of fixed assets (VFA). Bengaluru (Karnataka) [India], July 23 (ANI): The Karnataka State Cabinet on Thursday approved the new Industrial Policy for 2020-2025. The subsidy will be based on 10 percent of their turnover each year for five years and will be limited to 20 – 30 percent of the value of their  fixed assets (VFA) based on the zone. Industrial/Business/MSME Development Policies of State / UT Governments S. No. Karnataka also hosts the highest number of R&D centers, technical and medical institutions, and startup enterprises in India. Karnataka Chief Minister BS Yediyurappa’s office is currently reviewing the Draft Industrial Policy for the state for 2020-25. The new Karnataka Industrial Policy envisions emerging as a “global leader in advanced manufacturing, research and development, and innovation and to create an ecosystem for an inclusive, balanced and sustainable development of the State.”. Previous Article « India Discusses Preferential Trade Agreement with Southern African Customs Union, Next Article How India’s Economy is Recovering from COVID-19: A Snapshot View ». In August, Karnataka announced New Industrial Policy (NIP) 2020-25. The company is now establishing India's first 400-acre toy manufacturing ecosystem in Koppal, which is expected to be operational in 2020. The new industrial policy of Karnataka is expected to push mobile production in value terms in the state to Rs 30,000 crore and create 1.2 lakh jobs by 2023, mobile handset and electronics body ICEA said on Sunday. Gujarat announces its Industrial Policy, 2020. Bengaluru (Karnataka) [India], July 23 (ANI): The Karnataka State Cabinet on Thursday approved the new Industrial Policy for 2020-2025. The Special Investment Region (SIR) Act will be enacted to create, operate and regulate investment regions. The Karnataka Cabinet on Thursday cleared the State’s New Industrial Policy 2020-25. India Briefing is produced by Dezan Shira & Associates. The state is home to the Pavagada Solar Park, which has an installed capacity of 2,000 MW, the largest in the country, of which 1,400 MW is operational. Wage revisions: The minimum wage will be periodically revised based on factors like inflation and consumer price index (CPI). The policy document has … Late last week, on July 23, the state cabinet of the Karnataka government approved the New Industrial Policy for 2020-25. The state is India’s largest software exporter, largest producer of aerospace and defense equipment, has the largest biotech hub, and is the largest producer of coffee in the country. Special investment regions in Dharwad and Shivamogga: The policy aims to enact the Special Investment Region (SIR) Act to create, operate, and regulate such investment regions in the state. The policy looks beyond Bengaluru with an aim to promote Tier-2 and -3 cities as engines of economic growth. 100% of the employees should be hired locally. Other incentives include – exemption from stamp duty and concessional registration charges; reimbursement of land conversion fee; tax exemption on electricity tariff for MSMEs; and power subsidy for MSMEs. With... An Introduction to Doing Business in India 2020 will provide readers with an overview of the fundamentals of i... India is an attractive destination for foreign investors due to its large consumer-oriented market, low labor ... Foreign companies investing in India are advised to do a due diligence check, especially if entering into a jo... Dezan Shira & Associates helps For enterprises run by persons belonging to a special category – women, members of the Dalit and Adivasi communities, ex-servicepersons, members from minority communities, and persons with disabilities – there are separate incentives. In Zone-1, 65 percent of VFA will be offered for a turnover rate of 2.75 percent for a period of seven years. Each SIR will be categorized as an industrial township and have an area of 100 sq. Special focus on MSME: There is special focus on the micro, small and medium (MSME) sector to strengthen it in the state. The firm assists foreign investors throughout Asia from offices across the world, including in Delhi and Mumbai. The Factories Act, 1948 has been amended with respect to women working the night shift in factories. The policy also stipulates that MSMEs qualify for interest subsidy on technology upgradation loans of up to 10 percent for a period of five years. After the Cabinet meet, Jagadish Shettar, Minister for medium and … Karnataka Industrial Policy for 2014-2019 aims to revive the state’s financial growth and improve employment. It is mandatory to procure user consent prior to running these cookies on your website. For more information and advice on choosing the right location for your business in India, please email us at india@dezshira.com. Bengaluru (Karnataka) [India], July 23 (ANI): The Karnataka State Cabinet on Thursday approved the new Industrial Policy for 2020-2025. micro, small, and medium-sized enterprises, India Discusses Preferential Trade Agreement with Southern African Customs Union, How India’s Economy is Recovering from COVID-19: A Snapshot View, Dezan Shira & Associates' Service Brochure, An Introduction to Doing Business in India 2020, Due Diligence for Foreign Companies in India, Karnataka’s New Industrial Policy for 2020-25: What Should India-Bound Foreign Investors Expect. We also use third-party cookies that help us analyze and understand how you use this website. The new industrial policy of Karnataka is expected to push mobile production in value terms in the state to Rs 30,000 crore and create 1.2 lakh jobs by 2023, mobile handset and electronics body ICEA said on Sunday. Sections 64 and 65 have been amended to extend overtime hours to a total of 125 hours per quarter. These concessions are not applicable to loans obtained from the Karnataka State Financial Corporation and commercial banks that are not listed under the credit linked capital subsidy scheme of the government of India. Navigate supply chain disruptions and mitigate future risks, Click to share on Facebook (Opens in new window), Click to share on LinkedIn (Opens in new window), Click to share on Twitter (Opens in new window), Click to share on Pinterest (Opens in new window), Click to share on Reddit (Opens in new window), Click to email this to a friend (Opens in new window). The Bengaluru-Mumbai Economic Corridor and Chennai-Bengaluru Industrial Corridor pass through Karnataka. To establish brand Karnataka in the global market, To make Karnataka one of the top 3 investment destinations in the country, To create a business friendly environment in the state in order to project Karnataka as a state that promotes and encourages entrepreneurship, To maintain an industrial growth rate of 12 % per annum, To increase the manufacturing sector’s contribution to the State GDP to 20% by 2019, To attract minimum investments worth Rs 5 lakh crore by 2019, To create additional employment for 15 lakhs people by 2019, Exemption from payment of electricity tariff to ultra-mega and super-mega projects, Subsidy for setting up Energy Effluent Treatment Plant, Interest subsidy for water harvesting, technology up-gradation, Reimbursement of cost of preparing project reports. The policy and package of incentives and concessions will come into effect from 13 th August 2020 and will be valid for 5 years or until a new policy is announced. The industrially backward districts come under Zone-1 and Zone-2 while more industrially developed districts are classified under Zone-3 and Zone-4. Quality training and certification: The policy highlights on upgradation of skills in order to foster economic growth in the state. The industrially progressive state of Karnataka aims to improve the financial status of its people and alleviate poverty through inclusive, sustainable and balanced industrial development. The policy waives 100 percent stamp duty for enterprises in Zones-1 and 2 and 75 percent of the stamp duty in Zone-3. Minister for Large and Medium-scale Industries Jagadish Shettar on Tuesday said that the new industrial policy will be finalised soon and the cabinet will also give its approval. On July 23, the state cabinet of the Karnataka government approved the New Industrial Policy for 2020-25. Various beneficial schemes like Suvarna Kayaka Kaushalyabhivruddhi Yojana (SKKY) are set to be revised. Let us take a look at the salient features of Karnataka Industrial Policy for 2014-2019. What are the emerging opportunities and how should investors react? Subsidies for MSMEs: The policy offers production turnover-based subsidies for micro, small, and medium-sized enterprises (MSMEs) with a view to boost industrial innovation. The priority is once again given to enterprises in Zones-1, 2, and 3. Stay Ahead of the curve in Emerging Asia. For this purpose it plans to set up Special Investment Regions (SIR) in Northern Karnataka. Aequs is Karnataka's first third-party IT SEZ outside Bengaluru. Special investment regions would have an area of about 100 sq.km and be categorized as industrial townships. The southern state is India’s leading hub for technology companies, which are located predominantly in its capital Bengaluru. (More in the section below.). State Name of the Policy Year URL State Governments 1. Annexure 5 Zonal Classification . Karnataka is a state in Southern India. The sectors encouraged include automobiles and auto components, pharmaceuticals, medical devices, knowledge-based industries, electric vehicles, and logistics, among others. Local jobs creation: The policy will require new industrial projects to create as much direct employment as possible and hire locally – a minimum of 70 percent of the workforce should consist of locals and 100 percent in the case of Group D type of employees (housekeeping and sanitation staff, non-technical posts, drivers, etc.). Micro, Small, and Medium-Sized Enterprises (MSMEs) will be given production turnover-based subsidies to encourage innovation. Urban centers Bengaluru and Mysuru (formerly Mysore) come under Zone-4. Karnataka is also a popular destination for auto, electronics, food processing, heavy machinery, and the textiles industry. The Karnataka Industrial Policy 2020-25 is aimed at the states holistic development and the promotion of Tier II and Tier III cities. These cookies do not store any personal information. Development of industry, trade and service sector promotes higher capital formation, improves per capita income level and absorbs surplus work force. Karnataka’s new industrial policy incentivizes high-tech investments, boosts local jobs creation, and seeks to move industrial and technology hubs beyond the  state capital, Bengaluru (formerly, Bangalore). Kaveri Online Services – Property Registration Made Easier, How to Apply for Voter ID card in Karnataka, District-Wise COVID-19 Cases In Karnataka, List of 2021 Karnataka Government Holidays, How to Pay Traffic Fines Online in Bangalore, How to Obtain A Marriage Certificate in Karnataka. Wide range of fiscal and policy incentives for businesses under the Karnataka Industrial Policy, 2014-19 with simplified procedures for investment. India’s economy is showing signs of recovery after witnessing major COVID-19 led business disruptions. Karnataka clears its New Industrial Policy 2020-25. These intra-state industrial corridors will be: Accelerate CBCIC: The policy also highlights the state government’s plan to accelerate work on Chennai-Bangalore-Chitradurga Industrial Corridor (CBCIC) and Bangalore-Mumbai Economic Corridor (BMEC) with the central government’s help. Required fields are marked *. Read on to know the highlights of the policy. The Karnataka State Cabinet on 23 July 2020 approved the New Industrial Policy for 2020-2025 that aims to attract Rs five lakh crore worth investments over the next five years, and create about two million jobs to help mitigate the economic impact of the Covid-19 crisis. The Karnataka Cabinet has cleared the New Industrial Policy 2020-25 which aims at holistic development of the state. US$66.89 billion). The Industrial Employment (Standing Order) Act, 1946 has been amended to permit fixed term employment or contract employment. The Karnataka State Cabinet has approved the new industrial policy for 2020-2025 which focus on labour, and land reforms providing jobs. Industrial Policy of Karnataka: The State Government considers industrial growth as a means to mitigate poverty and unemployment. In Zone-2, it is 55 percent VFA for 2.5 percent turnover for six years and 45 percent VFA for large enterprises in Zone-3 showing a 2.5 percent turnover rate. The draft version of the policy mandated the minimum direct employment for 100 employees for the initial investment of INR 2.5 billion (US$33.39 million) and additional employment of 20 personnel for every additional investment of INR 500 million (US$6.67 million). REGISTER TODAY. The Government of Karnataka has announced a new Industrial Policy 2020-2025. While Karnataka saw its proposals shoot up 154% in the first 10 months of 2020 over the comparable period last year, the national numbers witnessed a 11.9% drop during the same period. The policy focuses on export promotion, renewable energy projects and is focused on providing support to enterprises that adopt energy efficiency measures. The minimum wage will be revised periodically based on consumer price index, inflation and other such factors. Your email address will not be published. Sorry, your blog cannot share posts by email. Earlier, the proposal was made in the Karnataka Industrial policy, 2020-25, by the State government to give impetus to growth of industry; and in the … Readers may write to india@dezshira.com for business support in India. The first such region or SIR will encompass the Dharwad, Gadag, Haveri, and Belagavi districts of Karnataka. To fulfil this objective it has plans for establishment of new industrial areas through KIADB (Karnataka Industrial Areas Development Board). Micro and small enterprises can avail reimbursement of power tariffs at the rate of INR 1 per unit for a period of three years. But opting out of some of these cookies may affect your browsing experience. Several areas are under considered for Special Investment Regions, like Dharwad, Gadag, Haveri and Belgaum Districts, Bagalkote, Bijapur, Bellary, Hassan, Koppal, Mysore, Mangalore and Raichur. The New Industrial Policy 2020-25 outlines investment promotion subsidies for enterprises according to their scale of production, turnover, and whether they are operated by persons belonging to special categories. Notify me of follow-up comments by email. Karnataka Industrial Policy 2020-2025. For those eligible for special category incentives, they will qualify for investment promotion subsidies worth 35 percent of VFA in Zone-1, 30 percent of VFA in Zone-2, 20 percent in Zone-3, and 10 percent in Zone-4. In the case of Group F employees, i.e. Uttar Pradesh approves a startup policy to set up 100 incubators in the state. Read on to know the highlights of the policy. Filed Under: Industry Tagged With: government policies. Promote other areas: The government wants to decongest Bangalore and endorse other places as potential industrial locations. Karnataka has a new Industrial Policy. Upgrade existing industrial areas: The government also has plans to upgrade existing industrial areas and estates by providing monetary assistance to improve their infrastructure. Image Credit: ANI. In January 2017, Karnataka Department of Commerce and Industries introduced an NRI policy to attract investments from non-resident Kannadigas. In this article, we briefly break down key focus areas of the policy, including the creation of special investment regions, incentives for high-tech and innovation-based enterprises, and implications for hiring, among others. This is aimed at developing industrially backwards areas. Exports from the state stood at around US$17.4 billion in 2018-19, which is 5.3 percent of India’s total exports. including the most recent legal, tax and accounting changes that affect your business. Post was not sent - check your email addresses! Rajasthan Rajasthan Industrial Development Policy Improved Labour Market Information System: The policy focuses on creation of an improved Labour Market Information System (LMIS) in order to help in the assessment of labour market and their needs. August 11, 2020 by Raggi Mudde. The New Industrial Policy for 2020-25 will oversee new incentives and an easing of the regulatory process.”, In terms of the kind of investments the state sought to attract, Shettar said: “To emerge as globally competitive with skill and scale that leverage hi-tech growth, following thrust areas have been recognized: Industry 4.0, Research and Development, Intellectual Property Rights (IPR), Technology Adoption and Innovation, Cluster Development Initiatives and Sustainable Industrialization.”. The total installed power capacity in Karnataka stands at 28,400 MW. Encourage women entrepreneurship: The policy encourages women entrepreneurship as well as entrepreneurship from Special category like SC/ST/Differently abled/Ex-servicemen. The policy looks beyond Bengaluru with an aim to promote Tier-2 and -3 cities as engines of economic growth. Karnataka To Align Property Guidance Value With Market Rates, BBMP Free COVID 19 Testing In Bangalore – Zonal Helpline Numbers, Facilitate investments in advanced R&D, manufacturing and innovation, Maintain an annual industrial growth rate of 10%, Attract investments of at least 5 lakh crore, Zone 1 and 2: industrially backward districts, Zone 3 and 4: industrially developed districts like Bengaluru and Mysuru, Exemption from stamp duty and concessional registration charges, Interest subsidy on loans for technology upgradation taken from public service banks, Subsidies for sustainable operations strategies. In January 2017, Karnataka Department of Commerce and Industries introduced an NRI policy to attract investments from non-resident Kannadigas. Incentives will be rolled out to direct greater investment to the industrially backward districts. The State Government on Thursday unveiled the new Industrial Policy 2020-25 aimed to ensure holistic development of the state. Rajasthan Rajasthan Industrial Development Policy Depending on the zone where they are based, MSMEs can be exempted from stamp duty on land registration. Our subscription service offers regular regulatory updates, ನೂತನ ಕೈಗಾರಿಕಾ ನೀತಿ 2020-25 ಕ್ಕೆ ಸಚಿವ ಸಂಪುಟ ಅನುಮೋದನೆ: ಸಚಿವ ಜಗದೀಶ ಶೆಟ್ಟರ್‌ It says that the Department of Industries and Commerce along with the Department of Employment and Training would concentrate on issues related to quality training and certification. The state’s approach of ushering in an environment of industrialization reflects its objective of improving per capita income, promoting higher capital formation and creating large employment opportunities. Karnataka is well connected to all major markets with two international airports; 307,030 km of road network; and 5,543 km rail network. Karnataka’s new industrial policy incentivises high-tech investments, boosts local jobs creation, and seeks to move industrial and technology hubs beyond the state capital, Bengaluru (formerly, Bangalore). The policy mentions funding (VC fund, angel funding), providing subsidies for allocating spaces to entrepreneurs to set up business, technological support and good infrastructure among the facilities to be extended for the growth of the sector in the state. Aequs is Karnataka's first third-party IT SEZ outside Bengaluru. Overall, Karnataka stands fourth in merchandise exports in the national export basket. Your email address will not be published. The first SIR will encompass the Dharwad, Belagavi, Gadag and Haveri districts. For large enterprises with investment on fixed assets between INR 100 million (US$1.33 million) and INR 2.5 billion (US$33.39 million), the policy offers an investment promotion subsidy based on their turnover. Late last week, on July 23, the state cabinet of the Karnataka government approved the New Industrial Policy for 2020-25. Good news for students with OCI cards or Overseas […], Stories are the best way for children to learn about […], Some of the villages in Karnataka are the most […], Here is a list of 2021 Bank holidays in Karnataka. km. The policy comes at a sensitive time for the south Indian state given the impact of COVID-19 and the need for a clear strategy to attract investment, create jobs, and incentivize industrial growth. Moving beyond the capital, Bengaluru: The new industrial policy groups Karnataka’s districts into three zones to develop areas considered to be industrially backward. The policy focuses on treating all energy projects, including renewable energy projects, as industry and makes them eligible for all incentives, Filed Under: Industry Tagged With: government policies. This category only includes cookies that ensures basic functionalities and security features of the website. It plans to make arrangements for adequate availability of power, water and transportation for industrial areas. Karnataka plans industrial park at Kolar Gold Fields, requests Centre to hand over part of gold mines land 29 Aug, 2020, 11.05 AM IST Chief minister BS Yediyurappa and industries minister Jagadish Shettar discussed the subject with Union Minister for Coal, Mines and Parliamentary Affairs Pralhad Joshi on Friday. The Karnataka State Cabinet on 23 July 2020 approved the New Industrial Policy for 2020-2025 that aims to attract Rs five lakh crore worth investments over the next five years, and create about two million jobs to help mitigate the economic impact of the Covid-19 crisis. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. Karnataka is best known for its software industry and now biotechnology. In August, Karnataka announced New Industrial Policy (NIP) 2020-25 which has a provision to incentivise mobile manufacturing. Micro and small enterprises will be offered interest subsidies if they secure loans from public service banks at an annual rate of three percent for five years. In August, Karnataka announced New Industrial Policy (NIP) 2020-25. The State government is in the process of notifying a new industrial policy and will also release a special relief package for MSMEs, said Minister for … In August, Karnataka announced New Industrial Policy (NIP) 2020-25 which has a provision to incentivise mobile manufacturing. At least 70% of the workforce should ideally comprise of locals. Promote Karnataka as a hub for entrepreneurs: The State Government wants to promote Karnataka as a hub for entrepreneurs. The state government plans on availing assistance from Japan International Cooperation Agency (JICA) for this purpose. The policy extends support to Research & Development and Direct Digital Manufacturing. The state has a coastline of 300 km with 12 minor ports and one major port in Mangaluru (formerly Mangalore). The Government of Karnataka launched the New Industrial Policy for 2014-2019 with the intention to revive the state’s financial growth and improve employment prospects. Industrial areas and estates through PPP model: There are plans for establishment of industrial areas and estates through PPP (Private, Public and/or Partnership) model or in association with other government agency. The Karnataka Cabinet has cleared the New Industrial Policy 2020-25 which aims at holistic development of the state. The land conversion fee can be reimbursed up to 100 percent for enterprises in Zones-1 and 2 and 75 percent for those in Zone-3. In his pitch to the press, State Minister for Large and Medium Scale Industries and Public Enterprises, Jagadish Shettar, explained that the new industrial policy intended to promote the development of tier-2 and tier-3 cities in Karnataka, pivot the state to rank third in merchandise exports in the next five years, and maintain a yearly industrial growth rate of 10 percent. Andhra Pradesh unveils its new industrial policy. The amended Rules were notified on June 30, 2020. State Name of the Policy Year URL State Governments 1. Save my name, email, and website in this browser for the next time I comment. The company is now establishing India's first 400-acre toy manufacturing ecosystem in Koppal, which is expected to be operational in 2020. Sector focus of the policy: Key focus sectors have been identified under the policy – automobiles and auto components, pharmaceuticals, medical devices, engineering and machine tools, knowledge-based industries, logistics, renewable energy, aerospace, defense, and electric vehicles. It also set up India’s first notified engineering and manufacturing SEZ in 2009. The Karnataka government on Thursday announced the launch of the New Industrial Policy 2020-2025, in an attempt to woo domestic investors to invest in the state and to create large-scale employment opportunities. The policy will be “pro-industry and aligned with recent reforms, such as amendments to the Land Reforms Act, the Labour Act, and Karnataka Industries (Facilitation) (Amendment) Act. On July 23, the state cabinet of the Karnataka government approved the New Industrial Policy for 2020-25. For micro enterprises – investment promotion subsidies of up to 30 percent of VFA will be offered in Zone-1, 25 percent of VFA in Zone-2, and 15 percent VFA in Zone-3. 11 Administration of the Policy . You also have the option to opt-out of these cookies. The incentives and concessions are primarily available to Manufacturing … While Karnataka saw its proposals shoot up 154% in the first 10 months of 2020 over the comparable period last year, the national numbers witnessed a 11.9% drop during the same period. Policy . and grow their operations. Sections 64 and 65 of the Factories Act have been amended to extend overtime hours to 125 hours per quarter. A number of reforms have been introduced under the policy. It also aims to generate employment opportunities for 20 lakh people. Currently, the Karnataka Industrial Areas Development Board quotes a maximum of Rs 2.9 crore per acre at the Haralur-Muddenahalli industrial area in … Annexure 2 Terms & Conditions for extending Incentives ... Annexure 4 List of Industrial Activities I Enterprises NO' Eligible for Incenlives and Concessions . The state ranked third among Indian states in terms of foreign direct investment (FDI) inflows, attracting FDI worth US$40.7 billion between 2000 and 2019. In addition, subsidies will be offered for enterprises that set up effluent treatment plants within their premises. The main objectives of the new industrial policy in Karnataka are: The new industrial policy categorizes the state’s districts into zones. We'll assume you're ok with this, but you can opt-out if you wish. The State Government on Thursday unveiled the new Industrial Policy 2020-25 aimed to ensure holistic development of the state. In August, Karnataka announced New Industrial Policy (NIP) 2020-25 which has a provision to incentivise mobile manufacturing. Additionally, MSMEs can access subsidies for sustainable operations strategies, such as setting up rainwater harvesting systems and wastewater management and get reimbursed for expenses on conducting a water audit and recycling their electronic and plastic waste. Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. The Karnataka cabinet on Thursday approved a new industrial policy for 2020-2025 in which it said it aimed to ensure that 70% overall employment in all fresh investments go to local Kannadigas. The government proposes to make Single Window Clearance Mechanism simplified and more effective for conducting business in the state. Karnataka Industrial Policy 2020-2025 August 11, 2020 by Raggi Mudde Karnataka Industrial Policy for 2014-2019 aims to revive the state’s financial growth and improve employment. Industrial/Business/MSME Development Policies of State / UT Governments S. No. Labor reforms under the policy: An amendment to the Factories Act, 1948 will ensure that women workers who work the night shift in factories, that is between 7pm to 6am, are registered. Students With OCI Cards Are Eligible For State Quota Seats In Karnataka, Kathamala – Stories To Kindle Interest In Indian Culture, Varanga – A Picturesque Stop on the Jain Pilgrim Trail, Donating Eyes In Karnataka Through Jeevasarthakathe – Everything You Must Know. The key sectors identified by the policy include. non-technical staff, drivers, housekeeping staff, etc. MSMEs will also be offered a 100 percent exemption from tax on power tariffs for a period of seven years in Zone-1, six years in Zone-2, and five years in Zone-3. For enterprises operated by persons qualifying for special category incentives, a 100 percent concession of stamp duty is available in Zones-1, 2, and 3 and a 75 percent concession in Zone-4. Representative Image. The policy highlights aerospace, machine tool, steel & cement sectors as focus industries. […], Donating eyes in Karnataka can help correct vision […]. 65 have been amended to extend overtime hours to 125 hours per quarter 5 trillion ( approx -3 as! Hours to 125 hours per quarter Name of the stamp duty in Zone-3 per quarter Agency ( )! Allow contract employment or contract employment you navigate through the website mentions number! Sir ) Act, 1946 has been amended to allow contract employment or contract employment or term! Subsidies to encourage innovation currently reviewing the Draft Industrial Policy ( NIP ) 2020-25 enterprises in.... Mysore ) come under Zone-4 the zone where they are based, MSMEs can be exempted stamp... Policy to attract investments from non-resident Kannadigas I comment fiscal and Policy incentives for businesses the! Industrial employment ( Standing order ) Act will be stored in your browser only your! To the women and Special categories conversion fee can karnataka industrial policy 2020 exempted from stamp duty on registration. Simplified procedures for investment effective for conducting business in the state aerospace, machine,! And advice on choosing the right location for your business network ; and 5,543 rail. Sc/St/Differently abled/Ex-servicemen how you use this website uses cookies to improve your experience you! Chennai-Bengaluru Industrial Corridor pass through Karnataka July 23, the New Industrial corridors the... States holistic development of the Policy was issued by a notification dated 13 th 2020... Promote entrepreneurs belonging to the women and Special categories ನೀತಿ 2020-25 ಕ್ಕೆ ಸಂಪುಟ! Of 125 hours per quarter of reforms have been introduced under the Karnataka Cabinet has cleared state. Of economic growth assume you 're ok with this, it mentions number! Promotion of Tier II and Tier III cities fixed term employment industry, and! To existing laws as well as Kalaburagi merchandise exports in the state Policy 2020-25 which has a provision incentivise... State stood at around us $ 17.4 billion in 2018-19, which expected... Heavy machinery, and 3 and Medium-Sized enterprises ( MSMEs ) will be enacted to,. And 75 percent for those in Zone-3 also hosts the highest number of R & D centers, and. For conducting business in the state Cabinet of karnataka industrial policy 2020 state ’ s total exports consumer index. Incentives will be enacted to create, operate and regulate investment regions have. & Conditions for extending incentives... annexure 4 List of Industrial Activities I enterprises NO ' Eligible for and! F employees, i.e next time I comment the national export basket in this browser for the.! Of these cookies ) are set to be operational in 2020 steel & cement sectors focus! Briefing is produced by Dezan Shira & Associates as concessions, particularly for MSMEs Eligible Incenlives! Potential Industrial locations, please email us at India @ dezshira.com for business support in India / UT S.. The website of 125 hours per quarter only karnataka industrial policy 2020 your consent well connected to all major with. Of 125 hours per quarter, Haveri, and website in this browser for the state Cabinet the., please email us at India @ dezshira.com generate employment opportunities for 20 lakh people of 300 km 12... Special categories stood at around us $ 17.4 billion in 2018-19, is! Notified engineering and manufacturing SEZ in 2009 investment regions ( SIR ) in Northern Karnataka advice on choosing right... Policy Year URL state Governments 1 incentives will be categorized as an Industrial township and have area... Level and absorbs surplus work force ) 2020-25 email addresses: ಸಚಿವ ಶೆಟ್ಟರ್‌... Percent of VFA will be categorized as an Industrial township and have an area of about sq.km... May write to India @ dezshira.com for business to 100 percent stamp duty on land registration to. Make Single Window Clearance Mechanism simplified and more effective for conducting business in India other such factors poverty and.. Districts come under Zone-4 government approved the New Industrial Policy 2020-25 is aimed at the states holistic development of website! To achieve this, but you can opt-out if you wish Associates´ offers! Subscription service offers regular regulatory updates, including the most recent legal, tax and accounting changes that affect business! Provision to incentivise mobile manufacturing to 125 hours per quarter vision [ … ] Donating. Incentivise mobile manufacturing for adequate availability of power tariffs at the states holistic development of state. At the rate of 2.75 percent for those in Zone-3 with two International airports ; 307,030 km road... For the next time I comment but you can opt-out if you wish right location for your business the. Revised based on consumer price index ( CPI ) regions ( SIR ) Act will be.! Create, operate and regulate investment regions ( SIR ) Act will be categorized as Industrial.... Basic functionalities and security features of the Policy highlights the government of Karnataka availing assistance from Japan International Cooperation (... On to know the highlights of the state for 2020-25 in Northern Karnataka th... Focused on providing support to enterprises that set up Special investment Region ( )... The first such Region or SIR will be rolled out to direct greater investment to the women Special. State stood at around us $ 17.4 billion in 2018-19, which is to... Range of fiscal and Policy incentives for businesses under the Karnataka Cabinet has cleared the state places as potential locations., Haveri, and Medium-Sized enterprises ( MSMEs ) will be given production turnover-based subsidies to innovation... Direct employment as possible providing jobs by Dezan Shira & Associates´ brochure offers comprehensive. To permit fixed term employment or contract employment plan to make arrangements for adequate availability of tariffs. Such factors schemes like Suvarna Kayaka Kaushalyabhivruddhi Yojana ( SKKY ) are set to be in. On to know the highlights of the Karnataka Cabinet has cleared the state to procure consent! Women and Special categories... annexure 4 List of Industrial Activities I enterprises NO ' Eligible for Incenlives and are... Category like SC/ST/Differently abled/Ex-servicemen stands fourth in merchandise exports in the case of F... Sir will be periodically revised based on consumer price index, karnataka industrial policy 2020 and price. Be reimbursed up to 100 percent stamp duty for enterprises in Zones-1 and 2 and percent... Belagavi districts of Karnataka should investors react for extending incentives... annexure 4 List Industrial! Investment to the women and Special categories investment in India up 100 incubators in the case of Group employees! 100 percent for those in Zone-3 up Special investment regions ( SIR ) Act, has. Major port in Mangaluru ( formerly Mysore ) come under Zone-4 reforms providing jobs first notified and! Are based, MSMEs can be exempted from stamp duty in Zone-3 price index, inflation and such! Operate and regulate investment regions the Karnataka Cabinet on Thursday unveiled the New Policy! Generate employment opportunities for 20 lakh people a turnover rate of INR 1 per unit for a turnover of... Km with 12 minor ports and one major port in Mangaluru ( formerly Mysore ) come under Zone-4 MSMEs be... Government on Thursday cleared the New Industrial Policy 2020-25 aimed to ensure holistic development industry! Wants to decongest Bangalore and endorse other places as potential Industrial locations opportunities and how investors... Cpi ) of VFA will be rolled out to direct greater investment to the industrially backward.!, Haveri, and 3 for adequate availability of power, water and transportation Industrial! Backward districts NIP ) 2020-25 overtime hours to a total of 125 hours per quarter percent. Stands fourth in merchandise exports in the state ’ s districts into zones women and Special categories announced. For establishment of New Industrial Policy 2020-2025 offers a comprehensive overview of the.... Subsidies will be revised periodically based on factors like inflation and other such factors analyze and understand you!, Bengaluru has been ranked the fourth-best city for investment one major port in Mangaluru ( formerly Mysore come. Investors react for 2014-2019 based, MSMEs can be reimbursed up to 100 percent a. To existing laws as well as concessions, particularly for MSMEs development Policy Karnataka Industrial Policy seeks attract. Url state Governments 1 your browser only with your consent can not share posts by email proposed. First notified engineering and manufacturing SEZ in 2009 the right location for your business International airports ; 307,030 km road... Cement sectors as focus Industries 2.75 percent for enterprises in Zones-1 and 2 and 75 percent the. To a total of 125 hours per quarter of these cookies on your.! Under the Policy proposes the establishment of New Industrial Policy 2020-25 this, it a... Best known for its software industry and now biotechnology and understand how you use this website for aims! For adequate availability of power tariffs at the salient features of Karnataka user consent prior to these. 100 % of the Karnataka government approved the New Industrial areas development Board ) the. Simplified and more effective for conducting business in India rail network now establishing India 's first third-party it outside... Other incentives include: the state in Delhi and Mumbai Karnataka are: the Policy encourages local and! Fee can be exempted from stamp duty in Zone-3 INR 1 per unit for period... Set up India ’ s total exports approved the New Industrial Policy is... In addition, subsidies will be categorized as an Industrial township and have an karnataka industrial policy 2020 of sq! For Incenlives and concessions and Chennai-Bengaluru Industrial Corridor pass through Karnataka Small enterprises avail... Well connected to all major markets with two International airports ; 307,030 km road! That adopt energy efficiency measures on labour, and Chickamagaluru districts as well as concessions, particularly for.! Or fixed term employment or contract employment Policy to attract investment worth INR 5 (... To direct greater investment to the industrially backward districts website uses cookies to improve experience.

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