News

Why Karnataka got record 45% of India’s total FDI in first half of this financial year

Karnataka could create history this fiscal by trumping Maharashtra, Gujarat & Delhi as India’s No. 1 investment destination. It was in 2008-09 that a state last accounted for 45% of total FDI.

Karnataka is also the largest software exporter in India and has been working to attract investors through its aerospace, defence manufacturing, electric vehicles, semiconductor manufacturing and ESDM sectors. The state has set up aerospace and defence parks over a decade ago and streamlined clearance committees, creating a land bank to avoid delays. It has also offered special incentive packages for sectors such as 100 per cent subsidised land, power subsidy for 10 years and 100 per cent subsidised fresh water for 10 years for semiconductor manufacturing companies.

There are also policy tweaks such as Karnataka Udyog Mitra, the one-stop-shop nodal agency for all investors from proposal to project implementation, and the State High-Level Clearance Committee and State-Level Single Window Clearance Committee taking up project proposals on priority.

Investors looking for a secure and customizable investment option should look no further than investing in a plot of land in Bengaluru. Shanders projects have all the necessary government and statutory approvals and have been given the thumbs up by a number of leading banks, allowing for speedy home loans. The real estate market in Bengaluru is divided into three concentric rings, so no matter where you are located, there is a plot of land available at the right price. What’s more, Shanders offers the unique opportunity to buy a plot and villa at the price of a 3BHK apartment, and you can customize the design of your home from 800sqft to 3600sqft built up area.

Read the article by clicking this link

https://theprint.in/economy/why-karnataka-got-record-45-of-indias-total-fdi-in-first-half-of-this-financial-year/811995/

Back to all articles