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Economy of Karnataka

Economy of Karnataka

Infrastructure

Economy

Facts and Figures of Himachal Pradesh

Number Of Phones 5,60,733
People Per Phone 80.25
Phone Services BSNL, Hughes Ispat
Cellular Services Modi Communications
Radio Paging Arya, Hutchison Max
Railway Track Length 3,089 km
Domestic Airports 6 (Bangalore, Belgaum, Bellary, Hubli, Mangalore, Mysore)
International Airports 1 (Bangalore)
Cities Linked Ahmedabad, Calcutta, Delhi, Madras, Mumbai, and Thiruvananthapuram
Road Length 1,33,987 km
National Highway
Length
1,968 km
Ports 2 (New Mangalore, Port Karwar)
Industrial Zones
& Parks
  23
Export-Processing Zones 1
State-Identified
Priority Sectors
Electronics, Informatics, Leather and Leather Products,
Sugar Industry, Pharmaceuticals, and Telecom

Industry
One of the leading industrial states of the country, Karnataka has been attracting both domestic and foreign investment and is home of some of the leading Indian and multinational corporations.

The state is rich in mineral resources. Important minerals found here are iron ore, copper, manganese, chromite, china clay, limestone and magnesite. It is the main gold producing state in India.

Agriculture
Agriculture is one of the main occupations of the state and accounts for nearly 65 percent of the workforce. Paddy, jowar, ragi, bajra, maize, wheat and pulses are some of the important crops of the state.

Incentives
  • Additional capital investment subsidy of 5% of fixed capital, up to Rs 500,000, for thrust-sector projects
  • Additional capital investment subsidy of 5% of fixed capital for special-category entrepreneurs
  • Additional 10% investment subsidy for installing renewable energy equipment
  • Sales tax exemption or deferral for investment in small, medium and large-scale units
  • Sales tax exemption on finished goods from Khadi and village industries
  • Five-year exemption from electricity tax on captive generation for self-consumption
  • Special incentives, on case-by-case basis, for projects over Rs one billion
  • Free-of-cost conversion of agricultural lands for tiny and SSI units in Zone II and III
  • All new, tiny, and SSI units in Zones II and III exempted from stamp duty
  • Subsidy for SSIs of 25% of fixed capital or Rs 2.5 million (Zone II); and 30% or Rs 3 million (Zone III)
  • Additional 5% subsidy of up to Rs 500,000 for 100% export oriented units
  • Exemption from planned power cuts for 100% export-oriented units

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