Bengaluru: Minister of Large and Medium Scales Industries of Karnataka and BJP leader Jagadish Shettar has announced that many jobs will be generated in the state this year.

The minister made this announcement during a press conference on completing one year in office.

 “Despite Covid-19 lockdown, Karnataka is expected to generate 65,459 direct employment opportunities as the state has attracted investments worth Rs 31,676.57 crore in the last five months” said Industries Minister Jagadish Shettar

Jagadish Shettar also said, “These investments were cleared between March and August, with quick approvals by the State Level Single Window Clearance Committee (SLSWCC), State High-Level Clearance Committee (SHLCC) and the Land Approval Committee “

“Also, the state government’s new industrial policy brings with it several incentives and regulatory reforms such as land access and labour market regulation,” he added

It is reported that the state government’s new industrial policy aims to attract investments worth Rs 5 lakh crore and create jobs for 20 lakh people over the next five years.

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Jagadish Shettar pointed out that “The industrial policy is very forward-looking and brings with it several incentives and regulatory reforms such as land access and labour market regulation,” adding that promoting the state’s economic and industrial development was the government’s top priority.

Jagadish Shettar also said that Karnataka was one of India’s most industrially advanced states. “Today, Karnataka is nearly a US$ 250 billion economy and has been leading the country in several sectors,” the minister said.