03-01-2013, 12:53 PM
Karnataka: The Knowledge Hub of Asia
1Karnataka.pdf (Size: 2.82 MB / Downloads: 118)
ECONOMY & INDUSTRIAL PROFILE
• Majority of the investments comes from Food and Beverages,
Engineering and Mechanical products
• The foundry units in the district have been known for their quality.
They have been manufacturing components for automobile sector,
electric motors
Focus sectors
IT / BT
Food Processing and Agro & Dairy based industries
Automobile
General Engineering
Steel
Tourism
INDUSTRY
Industries
• There are 11 Large and Medium industries in the disctir with an investment of Rs. 848.74
crore
• There are 205 Factories in the district
Prominent Players
• Shantala Ductile and Grey Iron Foundary Pvt. Ltd.
• M.N. Pickles Industry
• M/s Auto Machine Shop & Pearlite Liners Pvt. Ltd
• Shanthala Spherocast Pvt. Ltd.
•Shimoga Cooperrative Milk Producers Societies Union Limited
• Visvesvaraya Ltd
KARNATAKA INDUSTRIAL POLICY 2009-14
• Announced vide G. O. No. CI 233 SPI 2008 dt. 28.02.2009
• Effective from 1.4.2009 up to 31.3.2014
• Envisioned to build prosperous Karnataka
• Taluks in the state have been divided into four zones for incentives. Shimoga
district has been divided into the following zones:
• Zone 2: Soraba
• Zone 3: Shimoga, Bhadravathi, Sagar, Shikaripura, Hosanagar & Thirthahalli
INCENTIVES &CONCESSIONS
• Investment promotion subsidy for MSME – 10 to 25% of VFA
• Exemption from stamp duty & waiver of conversion fine – 100% in Zone 1 & 2;
75% in Zone 3
• Exemption from Entry Tax: 3 to 5 years
• Exemption of APMC Cess: 3 to 5 years
• Subsidy for setting up ETPs: upto Rs. 100 lakh
• Anchor unit subsidy: Rs. 100 lakh
• Interest subsidy for micro units: 3 to 5 years
• Exemption from electricity Duty: 3 to 5 years
• Subsidy for Technology Upgradation & Quality Certification
• Interest free loan on VAT for Large & mega projects: 5 to 12 years depending on
investments and employment
TOURISM
• Mandagadde Bird Sanctuary, situated at a distance of around 30 km from Shimoga
City, the sanctuary hosts some of the most magnificent birds
• Jog Falls, definitely among the most famous attractions in Karnataka and the highest
waterfall in India, they are situated at a distance of around 100 km from Shimoga City
• Tyarekoppa Lion Safari – A great place to enjoy the unaltered nature and wildlife, the
Tyarekoppa Lion Safari is situated 10 kms from Shimoga
• Tunga Anicut Dam - Situated around 12 kms from Shimoga, Tunga Anicut Dam is a
popular picnic spot amongst the locals