Karnataka to set up 'vision groups' for 7 sectors to drive Industrial growth

Karnataka will set up vision groups for seven sectors, including non-IT startups and aerospace & defence, to promote industrial growth, state’s large and medium industries minister MB Patil has said.

Machine tools, Electronics System Design and Manufacturing (ESDM), pharma, core manufacturing, including iron, steel and cement, and auto and electric vehicles are the other sectors that will be covered under the plan, Patil said on June 12 during a discussion with prominent industrialists in the state capital Bengaluru.

"This is the first time that sector-specific vision groups are being formed in the state. Previously, there was a vision group for overall industry development, but it lacked sectoral focus,” the minister said.

Apart from the mentioned sectors, the government also intended to promote future mobility, green hydrogen, food processing, textiles, warehousing and logistics" he added.

The vision groups would have business leaders, industry experts, public sector officials and academicians as members and guide the government in the development of industries.