Bengaluru: The State budget proposes to formulate a Logistic Policy for better co-ordination between Seaport, Airport, National Highway, ICD, CFS, Warehouses etc., for seamless movement of goods from the production point to the consumers.
“ It is proposed to announce an Innovation Policy, to boost innovative ideas of youngsters and to encourage manufacturing start-ups in association with technical and research institutions. To improve the goods transportation facilities, a multi-modal logistic park in an area of 400 acres near Bengaluru and in an area of 50 acres at Hubli will be developed.,’’ the chief minister said.
The Budget has also proposed to formulate a policy on labour intensive industries to encourage setting up of employment intensive industries in the State. In the same way, a high-powered committee will be constituted to analyse the different aspects of the service sector and a new policy will be formulated to encourage this sector based on the recommendations of this committee.
“Penalty levied by the local bodies will be waived of if principal property tax is paid before September 2018 in a single installment, in cases where the property tax and penalty are required to be paid to the local bodies by industries situated in industrial area / townships. Infrastructure facilities will be developed in Peenya Industrial Area through KSSIDC,’’ he said.
It is proposed to establish Learning Excellence Centre at a cost of Rs.23 crore in industry 4.0 technology in association with Confederation of Indian Industries. “Fifty percent of the project cost will be given by the Government and Rs.5 crore will be provided during current year,’’ he said.
The budget has proposed to simplify the procedures for purchase of land, it is proposed to notify Rural Business Zones in 20 to 30 acres of barren/dry land, to create employment opportunities in rural areas. “This will reduce migration of the youth to cities. Artisans and micro, small and medium enterprises are the backbone of the economy. To remove inadequacies of this sector, it is proposed to introduce State Cluster Development programme. Under this programme, 50% of the project cost or maximum of Rs. 5 crore will be provided to set up common facility centers.,’’ he said.
