Active Participation of Industry in Development of Infrastructure

To attract the investors to invest in infrastructure projects which are of long gestation period, capital intensive and with low return on the capital invested government of Karnataka has undertaken some measures to boost investments in such areas. International airport, information technology park, Bangalore-mysore express highway and several power projects are some of the potential projects in this area.

  • KSIIDC will be the designated agency of the government to plan and formulate proposals for infrastructure development projects after assessing the need in different sectors/areas for consideration of government in concerned departments, like industrial parks/town ships, airports/ports and such other areas as may be specified by the government.
  • KSIIDC will identify suitable private sector agencies to undertake those projects.
  • Government through KSIIDC or any other agency, will participate in the equity of such project to the extent possible/desirable.
  • Government will acquire and allot lands required for such projects or entrepreneurs may purchase as per law:
  • Government will consider such projects on BOO/BOOT/BOLT concepts.
  • To enhance economic viability of such projects a package of incentives would be considered on a case to case basis, based on merits of each case.
  • Such projects would be cleared expeditiously at the government level, by the FIPB/High level committee.