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Karnataka partners with Microsoft to fast-track approvals for industrial projects

Karnataka’s Minister for Large and Medium Industries MB Patil said the maximum time for granting approvals for industries will be reduced from 300 days to a maximum of 100 days.

November 04, 2024 / 21:23 IST
Karnataka minister for large and medium industries MB Patil at the event

Karnataka's Minister for Large and Medium Industries, MB Patil, on November 4 said that new software developed by Microsoft will simplify the approval process for industrial projects under the state’s single-window system.

“This first-of-its-kind platform in India will be launched at Invest Karnataka in February 2025. We are aiming to issue all necessary clearances within a maximum of 100 days,,” he said. The announcement came after a visual demonstration of the software by Microsoft representatives in Bengaluru on November 4.

Also, readKarnataka’s new industrial policy likely to link incentives to job generation, green practices and women employees

Patil said that while neighbouring states grant approvals within 60-70 days, Karnataka’s average approval time stands at around 300 days. “We aim to reduce the state’s approval period to 60-70 days, as prolonged delays could impact our competitiveness in attracting investments,” he said.

At present, industrial projects in Karnataka require approvals from 33 departments—including fire, law, and forest—covering 147 types of services. “The new software will integrate all these onto a single platform, streamlining the process and significantly reducing approval timelines,” Patil explained.

Also, readMicrosoft to sign MoU with Karnataka for skilling in Generative AI: State Minister

He also said that all government officials, including ministers and department heads, will be trained on the software, after which departments will be expected to expedite their processes using it. “This technology will allow investors to track the real-time status of their approvals from any location,” he said.

The minister highlighted a newly designed website to promote Karnataka’s investment appeal. Additionally, UMA, an AI-powered interactive platform, provides voice-based information in Kannada, English, and major global languages, he said.

Also, readDavos 2024: Karnataka signs Rs 22,000 crore worth of MoUs with Microsoft, Web Werks, Hitachi and four others

Meanwhile, Patil also reviewed the 2025-2030 industrial policy aimed at achieving Karnataka’s $1-trillion economic goal. "Our government is committed to transforming the state into a $1 trillion economic powerhouse by 2032. We reviewed the new industrial policy with senior officials from the Department of Industries to ensure it aligns with this ambitious goal," he said.

"We focused on policies that address industry needs, encourage technology adoption, boost skill development, and maximize human resource potential. These bold steps will inject new strength into the state’s economy."

He is also revamping the Invest Karnataka Forum to boost investment and growth. "I had an insightful discussion on reforming the Invest Karnataka Forum to drive investment opportunities and strengthen our state’s economy. Together with experts and government representatives, we explored new mechanisms and programs to enhance investor facilities, simplify trade licensing, and expand Karnataka’s investment landscape. These reforms will make Karnataka more appealing to diverse investors, fostering economic development, job creation, and social progress," he added.

Also, read: Race for big-ticket projects: Karnataka to overhaul investment promotion agency, bring in private-sector professionals

Moneycontrol News
first published: Nov 4, 2024 09:23 pm

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