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Karnataka State Industrial Policy 2020-25 – UPSC Notes

Karnataka State Industrial Policy 2020-25 aims to position the state as a global leader in advanced manufacturing, research and development, and innov

Karnataka State Industrial Policy 2020-25 – UPSC Notes The Karnataka New Industrial Policy 2020-25, approved on 23rd July 2020 and effective from 13th August 2020, is a significant initiative aimed at revitalizing the state's industrial landscape. With an emphasis on sustainable development, job creation, and technological innovation, this policy sets out to position Karnataka as a leader in industrial growth, fostering both local and global investments. The policy’s overarching goal is to create a favorable environment for businesses to thrive, particularly in tier-2 and tier-3 cities, and to position Karnataka among the top states in India for industrial growth. Key Objectives and Vision Vision of the Karnataka Industrial Policy 2020-25 The vision for this policy is clear: to transform Karnataka into a globally competitive industrial hub by promoting balanced and inclusive development across all regions. By focusing on sustainable industrialization, technology adoption, and fosterin…

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