Karnataka cabinet to constitute sub-committee to decide on special package of incentives to industries

New Delhi, Aug 3 (KNN) The Karnataka Cabinet has decided to constitute a sub-committee under the leadership of Chief Minister H D Kumaraswamy to decide on giving special package of incentives to industries.

Speaking to reporters after the cabinet meeting, Karnataka's Law and Parliamentary Affairs Minister Krishna Byre Gowda said that based on certain criteria such as proposed investment, job creation and other factors the sub-committee will decide upon giving special package of incentives to industries.

He said, “Industries department gives special package of incentives for mega projects, ultra projects and super projects, under industrial, textile and aerospace policies. For this we have set up a cabinet sub-committee.”

The sub-committee will also have Industries Minister, Small Scale Industries Minister and Revenue Minister as its members, he added.

Besides this, Gowda said that the cabinet has also decided to give grant of Rs 15 crore to National Centre for Biological Sciences (NCBS), located in Bengaluru, for setting up a Centre of Excellence in Agriculture Innovation, to support innovations and startups in the field of agriculture, horticulture and animal husbandry.