Karnataka to unveil ‘electric vehicle and energy storage policy’

Agencies
August 23, 2017

Bengaluru, Aug 23: The Karnataka government today said it will come out with an "Electric vehicle and energy storage policy" soon with an intention to make the state the electric vehicle capital of the country.

"We will soon be coming out with an electric vehicle and energy storage policy. Today in many countries electric vehicles have come, it is going to be the future, but because of the battery cost they have become costlier," Karnataka Industries Minister R V Deshpande told reporters here.

He said, "we will be the first state to bring this policy to attract investments into this new sunrise sector. Discussions are going on, we will bring it soon."

Pointing out various initiatives undertaken by the Industries and Commerce Department to boost investments in the state, the Minister said Karnataka had maintained first place under 'Investment Intention' according to Central government's Department of Industrial Policy and Promotion, with an intention of investments of Rs 1,40,683 crore.

He said in the last four years 1,823 projects have been approved by the state level single window clearance committee and state high level clearance committee with an investment of Rs 3.34 lakh crore, generating employment to 8.98 lakh persons.

He also pointed out that Karnataka government was laying emphasis on labour intensive sectors like toy manufacturing, mobile phones, tablets, electronic components and assemblies, and also to create more employment in manufacturing sector.

Deshpande also called on the private sector to join hands with the government to promote job creating ventures and more investments.

He also listed out that recently investment proposals have been received from companies such as Oracle India, TVS Motors, MRPL (Ethanol Plant), IKEA, SAP Labs, Wipro Aerospace, Molex India, HNI Autotech, ACE Bright Pharma among others.

Noting that 'Invest Karnataka', a non-profit company is incorporated to promote industries in Karnataka with 5 industry representatives and two government officials in the Board, Deshpande said Deepak Sood had been appointed as CEO to this company by deputation from CII.

The Minister highlighted the department's initiatives which include establishment of machine tool park and Japanese industrial township at Vasanthnarsapura, efforts to establish polymer design and development research laboratory on cost-sharing basis with government of India among others.

Also, coastal cashew tech centre in Kumta, marine export facility centre at Tadadi, six exclusive women industrial parks were the others.

Comments

Add new comment

  • Coastaldigest.com reserves the right to delete or block any comments.
  • Coastaldigset.com is not responsible for its readers’ comments.
  • Comments that are abusive, incendiary or irrelevant are strictly prohibited.
  • Please use a genuine email ID and provide your name to avoid reject.
News Network
May 10,2020

Mangaluru, May 10: A young photographer has drowned in River Phalguni near Maravoor on the outskirts of the city.

The victim has been identified as Kaushik, 22, who was working for Diya Studio in Kavoor. A resident of Kavoor, he was the only son of his mother.

The tragedy occurred when he had been to the river along with four friends to collect freshwater snails.

It is learnt that local residents rushed to the spot when Kaushik’s friends raised alarm. However, they could not rescue him.

Kaushik’s body was retrieved from the water after sometime. A case has been registered at Kavoor police station.

Comments

Add new comment

  • Coastaldigest.com reserves the right to delete or block any comments.
  • Coastaldigset.com is not responsible for its readers’ comments.
  • Comments that are abusive, incendiary or irrelevant are strictly prohibited.
  • Please use a genuine email ID and provide your name to avoid reject.
News Network
January 10,2020

Bengaluru, Jan 10: Chief minister BS Yediyurappa said on Thursday he might not attend the World Economic Forum (WEF) meeting in Davos, Switzerland, and would most likely visit Delhi this weekend for discussions on the pending cabinet expansion.

He was expected to join Union ministers Piyush Goyal and Mansukh Mandaviya, chief ministers Amarinder Singh (Punjab) and Kamal Nath (Madhya Pradesh) and over 100 Indian CEOs at WEF’s 50th annual gathering on January 21-24.

“Mostly, I may not go for Davos (meet),” he told reporters on Thursday. Last week, he had said he was not keen on travelling to the Swiss town but was considering it as some chief ministers’ attendance was required at the high-profile event.

Eleven Congress-JD(S) turncoats, who contested the bypolls on BJP tickets and won, reportedly pressured Yediyurappa to take a decision on cabinet expansion before the now-uncertain Davos trip; it was even suggested that he should simply cancel the trip. The newly elected BJP MLAs are widely expected to be inducted as ministers. But officials in the Chief Minister’s Office (CMO) said his disinclination to travel had nothing to do with the cabinet exercise.

“It’s mainly because of his health. That place (Davos) has got temperature of minus 4-6 degrees and it will be quite tedious for Yediyurappa at the age of 76,” one official said. BJP functionaries, however, claimed that he was wary of taking a trip amid tensions in the party. “The new MLAs have been breathing down Yediyurappa’s neck. They have pushed him into a corner, demanding that he complete cabinet expansion before going anywhere,” a senior functionary said.

On Thursday, the chief minister said he had sought a meeting with party bosses in Delhi. “To discuss cabinet expansion and other important issues, I plan to travel to New Delhi on January 11 or 12. However, I am still waiting for an appointment with the BJP national president and prime minister,” he said.

While Yediyurappa, his additional chief secretary P Ravi Kumar and political adviser MB Maramkal may not visit Davos, a 10-member delegation from Karnataka, including Jagadish Shettar, is expected to travel. There are reports ministers’ family members might join the delegation.

Comments

Add new comment

  • Coastaldigest.com reserves the right to delete or block any comments.
  • Coastaldigset.com is not responsible for its readers’ comments.
  • Comments that are abusive, incendiary or irrelevant are strictly prohibited.
  • Please use a genuine email ID and provide your name to avoid reject.
News Network
February 13,2020

New Delhi, Feb 13: Ashoka Buildcon on Thursday said it has emerged as the lower bidder for a highway project worth Rs 1,035.5 crore in Karnataka.

The project entails four laning of a section of NH-206 in the state.

Ashoka Buildcon had submitted its bid to National Highways Authority of India for the project to be built on hybrid annuity mode under Bharatmala Pariyojana, it said in a BSE filing.

"The company emerged as the lowest bidder at the financial bid opening meeting held on February 13," Ashoka Buildcon said.

The quoted bid project cost for the project is Rs 1,035.50 crore, it added.

The company's stock was trading at Rs 103.05, down 2.78 per cent, on the BSE.

Comments

Add new comment

  • Coastaldigest.com reserves the right to delete or block any comments.
  • Coastaldigset.com is not responsible for its readers’ comments.
  • Comments that are abusive, incendiary or irrelevant are strictly prohibited.
  • Please use a genuine email ID and provide your name to avoid reject.