Mysore

A progressive budget: CII Chairman N Muthukumar 

The State government of Karnataka presented a major agri-focus budget with Chief Minister Siddaramaiah announcing that Special Agricultural Zones would be identified in different parts of the state, along the lines of the Special Economic Zones that are formed for industry, stated CII Chairperson Dr N Muthukumar in a press release.

The SAZs will focus on effective techniques for productivity, extending better technology and organic farming. The chief minister thus presented a growth budget for Karnataka 2016. Over all this year, the CII considers the budget to be a well-planned budget for infrastructure development of the state. It predominantly focused on the rapid rural and urban development taking into account agriculture, water, employment, infrastructure and transport.
 
The chief minister also proposed to set up Karnataka State Agriculture and Farmers’ Welfare Committee under ‘Suvarna Krishi Grama Programme.’ Developing 100 villages in four districts across four revenue divisions as model agricultural villages is a step towards creating a sustainable agriculture economy.
 
Construction of permanent exhibition centre of international standards, declaration of heavy industrial areas as industrial townships, establishment of Centre of Excellence at GTTC sub-centres  and very importantly the conversion of Bengaluru-Mysuru Road into a six-lane road are major directional steps towards improving “Ease of Doing Business” and will help attract investments in the Mysuru region.
 
Abolishing of trade license systems and setting up Invest Karnataka Company will ease doing business. Announcement of Rs 175 crores earmarked for infrastructure development in industrial area and up gradation of existing 30 industrial areas will help in attracting more investments into Karnataka, tech incubation centers with Texas University at Doddaballapur, IT Park in Belagavi and Bidar etc.
 
Allocation for other sectors like social welfare department, IT&BT Science and Technology, Heath sector, Tourism development, will help in making Karnataka a wealthy and a healthy7 state.
 

 “I would like to compliment Chief Minister Siddaramaiah for presenting a very well- balanced budget. The budget addresses the agriculture sector but has also provided support to the industry. Infrastructure support has been well recognised and focused in this budget. It is overall a very good and progressive budget.” CII Mysuru Chairman Dr N Muthukumar.

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