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Karnataka has a premier position among the Indian states in India vis-à-vis industrial sector. Especially the state has rich mineral resources and a large pool of human resources due to which it occupied unique position with regard to industrialization. The state has started its own public sector units and also gave impetus to private sector growth simultaneously.

There were three successive waves of industrialization in Karnataka. The first carried forward the industrialization processes of the pre-independence period, the second resulted in the establishment of the heavy engineering giants by the central government in the public sector, and the third saw the dismantling of the old industries on the one hand and building of the new in the post 1991 phase of economic liberalization and market reforms (Shodhaganga).

The modem industrial growth in Karnataka can be divided into four phases - first phase from 1800-1900, where the seeds for industry were sown, the second phase from 1901-1950, where the industry was in its infancy stage, the third stage from 1951 to 1991, where the industry grew and reached stagnation, the fourth phase is from 1992 to the present period, where the industry was rejuvenated and is ready to integrate with the global market in terms of quality and competition

Karnataka has vibrant automobile, agro, aerospace, textile & garment, biotech and heavy engineering industries. The state has sector-specific SEZs for key industries such as IT, biotechnology, and engineering, food processing and aerospace. Karnataka is the IT hub of India and home to the fourth largest technology cluster in the world. In 2017-18, total exports from the state aggregated to US$ 39.38 billion (up to November 2017). Karnataka has 47 IT/ITeS SEZs, three software technology parks and dedicated IT investment regions. As of April 2018, Karnataka had a total installed power generation capacity of 26,697.47 megawatt (MW). Karnataka boasts of a diverse flora and fauna and a 320 km natural coast line, which makes it a nature tourist's paradise. Tourist arrivals in the state increased from 36.7 million in 2006 to 102.3 million in 2017 (www.ibef.org).

Karnataka offers a wide range of fiscal and policy incentives for businesses under the Karnataka Industrial Policy, 2014-19. Through the ESDM Policy 2013, the government of Karnataka has planned to facilitate, promote and develop the ESDM sector in Karnataka and make the state a preferred destination for investment in this sector. In September 2017, the government of Karnataka passed the ‘Karnataka Electric Vehicle and Energy Storage Policy 2017’. Electric Vehicles manufacturing in Karnataka is expected to attract investments worth US$ 4.82 billion and create 55,000 jobs.



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