Investors' meet in Hubli

Investors' meet in Hubli
Source: HDMC website

The State government plans to hold an investors' meet of large, medium and small-scale industries in Hubli shortly, in order to woo industries to North Karnataka. A preliminary meeting for the same will be held during the first or second week of June, according to Sericulture & Small Scale Industries Minister Katta Subramanya Naidu.

Addressing a press conference here on Thursday, he said the government was committed to the development of industries in this region, and that all efforts would be made to attract industrialists.

A preliminary meeting of representatives of industrial associations and elected representatives of this region would be convened to work out modalities for the proposed investors' meet. The meet would be on the lines of the IT investors' meet, and it will help attract industrialists to the region. The government was aware of the fact that there was a need to promote industrial development, he said.

Mr Naidu said that the government had already released Rs 90-crore subsidy due to SSIs since 1999, and another installment of Rs 56 crore will be released at the earliest.

The process of formulating a new industrial policy was on, and all suggestions given by the industrial body would be incorporated.