On Tuesday, Chief Minister Siddaramaiah introduced a new and improved online system in Karnataka to make starting and running a business easier. He announced this at a global investors’ meeting.
The new system helps businesses get approvals quickly and reduces paperwork. It combines over 150 services from 30 different state departments. This means that business owners can see the status of their applications, like approvals or renewals, in real-time without any delays.
A key feature of this system is the Affidavit-Based Clearance (ABC) method, which allows businesses to start building and preparing their projects without waiting for many different approvals. This will greatly help the manufacturing sector in Karnataka.
The system connects with the national online approval system, making it easier for businesses to use central services. There are several automated services for land searches and building plans, all available on one website. This streamlining means business owners no longer have to go to multiple offices.
The new system is designed to provide a better experience for investors. It simplifies application forms, removes repeated information, and connects with more than 40 other systems for easy updates. It even sends alerts for important events related to applications.
Additionally, investors can track their financial claims online, making it easier to get incentives and payments. Siddaramaiah said these new features will make Karnataka one of the best places for businesses in India.
Semiconductor Manufacturing Growth
Siddaramaiah mentioned that Karnataka is becoming the top choice for semiconductor manufacturing, with major investments from companies like Intel, TSMC, and Micron. Karnataka makes up 60% of India’s electronic products exports, helping to supply next-generation chips worldwide.
The state’s new industrial policy for 2025-30 aims for innovation, sustainability, and growth. They plan for a 12% growth rate in manufacturing, with a goal of attracting Rs 7.5 lakh crore in investments and creating 20 lakh jobs by 2030.
Karnataka also contributes over 40% of India’s software exports, hosting tech giants such as Infosys, Wipro, TCS, Google, Amazon, and Apple. The state is also focusing on using advanced technology, like AI and cloud computing, to strengthen its digital economy.
Lastly, the Chief Minister talked about finding suitable spots to quickly build a second international airport in Bengaluru, which will improve the city’s global connections and economic growth.
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