Self assessment tax for industries: CM Bommai


Hubballi. July 16.
Self assessment property tax system would be introduced for industries, Chief Minister Basavaraj Bommai said.

The Chief Minister in his address at the Conference of State and District Level Commerce and Industrial Associations said, the State government is coming out with a new Employment policy to increase employment opportunities for the youth, women should become entrepreneurs. A silent revolution is happening in the state. Government is encouraging setting up of high tech industries in tier-2 cities. The Industrial associations should work with the government to improve the Ease of Doing Business. FKCCI should take up corporate social responsibility. The property tax issue has come to my notice. Immediate action would be taken to resolve it. The grievances related to GST could be discussed in Bengaluru, he assured.

Opportunities for technology based industries

The Chief Minister called upon the industrialists to tap the huge opportunities for technology based industries in tier-2 and tier-3 cities. There is abundance of talent in these places. FKCCI should take the leak in this regard. Mega Textile parks are coming up in Kalaburagi and Vijayapura, a Pharmaceutical Hub is being set up in Yadagiri, the Mumbai-Bengaluru Industrial Corridor would see huge industrialisation of Tumakuru, Chitradurga, Haveri, Dharwad and belagavi. Industrial infrastructure is being upgraded to enable this. In Kalyana Karnataka region airport is coming up in Raichur and Vijayapura. Six special townships are being developed.

Karnataka has improved its Ease of Doing Business. A New Industrial Policy has been implements. A most modern Semiconductor fabrication unit is being set up in the state. The state is also leading in renewable energy as it produces 43% of the total production in the country, he said.


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