Bengaluru, Mar 11 (KNN) Karnataka chief minister Basavaraj Bommai on Friday said that state is setting up three Special Investment Regions (SIR) where all permissions to start business activities will be decentralised.

Speaking at the Nava Karnataka Summit curated by DH Brandspot and PV Brandspot, the chief minister said, “the special investment regions will help the state achieve first place in India and Asia.”

“This is the policy change we’re bringing in. There will be SIR in Tumakuru and Dharwad. We’ll do one for Kalaburagi. Later on, we will have more of them,” he said.

Bommai pointed out that the industrial policy will be simplified.

“Investments are coming for which we need to build new cities. I’ve decided to build six new cities in the regional centres of Kalaburagi, Dharwad, Mangaluru, Bengaluru and Mysuru,” he added.

Stressing on the need to drive investments towards other cities, Bommai said his government is pushing the Beyond Bengaluru concept. “Of the Rs 9.3 lakh crore investment proposals, Rs 4.5 lakh crore are outside Bengaluru,” he added.

Arguing for a more aggressive approach towards progress, Bommai said the Karnataka government and Kannagias must “seize opportunities”.

The state had the potential to touch USD 1 trillion economy mark, Bommai added.  (KNN Bureau)