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Karnataka Government Proposes Cluster for Construction MSME Sector

Infra News - Published on Fri, 13 Sep 2019

Image Source: wikipedia
Mint reported that the Karnataka government proposes to set up a cluster for the construction sector to help localize manufacturing of fittings, hinges and other material to limit imports, help boost investment, and further channel its focus into labour-intensive micro, small and medium enterprises to insulate itself from the economic uncertainties. The construction cluster follows the cluster-based approach of the state government aimed to increase the contribution of manufacturing to the state’s growth and is part of Karnataka’s ambitious “compete with China policy".

A senior government official, requesting not to be named said that “From fittings to hinges to other requirements of construction, everything will be made available on one platform."

Agriculture, the sector employing the largest number of people in the state, is being unable to sustain the growing pressure on land. The problem has been compounded by droughts, floods, and other natural and market-induced vagaries. As such, the government proposes to build infrastructure to set up clusters in regions outside Bengaluru to take in more labour and curb migration from rural areas to urban centres.

However, the government is yet to finalize the details of the construction cluster, but has drawn up plans to set up similar clusters for sectors such as textile, handicraft, and electronic toys, which have the potential to create large employment opportunities with capital ranging from INR 10 lakh to INR 10 crore. Complaints such as seeking multiple clearances despite the “single window" system, the slow pace of work, and delayed approvals have led to lost opportunities in the past.

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Posted By : Ratan Singh on Fri, 13 Sep 2019
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