In achieving this Mission, the focus will be on the objectives set out below:-
Encourage rapid growth of sectors and markets in which Karnataka has strategic advantages.
Enhance value addition in products and processes through rapid technology upgradation.
Enable optimal utilisation of capacity and resources in different sectors viz., Agriculture, Horticulture, Animal Husbandry, Minerals and Human capital.
Enable industry to access new markets - domestic and export - through new products that meet global standards of quality and competitiveness.
Give impetus to knowledge based industries and the service sector.
Create a market driven environment with the private sector being the primary engine for growth.
Provide Industry access to high quality infrastructure.
Fully tap the potential of the Small Scale Sector and encourage establishment of new tiny and Small Scale Industries, particularly in the rural areas to achieve the twin objectives of employment generation and utilisation of local resources. Towards this end Government will undertake, through an expert group, a detailed study of the small scale industrial sector in the state to ascertain their present status; problems and prospects and come out with a separate policy on employment generation in the industrial sector which among other things would also include a suitable incentives scheme linked to employment generation. This Study will be completed in the next six months time.
Strategy
Forge a strong partnership with the private sector in all aspects of Industrial Policy and its implementation to provide for a demand driven decision making process in an increasingly market oriented economy;
Create a policy framework to facilitate competitiveness of local industry and enabling ease of doing business;
Enhance public and private expenditure to build efficient and competitive Industrial infrastructure;
Give impetus to technology upgradation by forging symbiotic and mutually beneficial institutional arrangements between Government Academic - R&D Institutions and Industry;
Focus on catalysing comparative advantages that Karnataka has in the Global market by increasing its exports in information technology, bio-technology, food processing, electronics and communication, garments, machine tools and precision engineering goods;
Assist the tiny, small and medium scale industries to upgrade their technologies and manufacturing processes to face the increasing competition; and
Radical restructuring of the State Public Sector undertakings as well as Government infrastructure agencies and Financial Institutions by promoting private sector initiative in these activities.
