K'taka CM lures India Inc to tier 2 cities with sops

Bangalore, Aug 2 (UNI) Karnataka Chief Minister B S Yeddyurappa has offered various facilities including land, quality power and good connectivity to the Indian industry if they set up businesses in the Tier II and tier III cities in the state.

Addressing the members of Federation of Karnataka Chambers of Commerce and Industry (FKCCI) at a post Budget meeting here last night he called upon the entrepreneurs to think about development of other cities and districts in the state, instead of concentrating on Bangalore and its surrounding areas.

It has become difficult to manage the infrastructure of the IT Capital, he observed.

''We are committed to provide World class infrastructure in Bangalore and have kept aside Rs 1800 crore to be spent on it during this year. But we want the industry to move to other cities in the state,'' he said.

Promising to provide all facilities needed by such entrepreneurs Mr Yeddyurappa assured that new industries would not encounter red tapism at any point.

He said the government was ready to extend necessary help to the industry but it should not ask for any more tax rebates. ''We need to garner enough resources to provide for development works of which you will be the main beneficiaries. Karnataka is a revenue surplus state and this has helped it develop as a frontline state," he added.

Agriculture would also get its due share as it was as important as the industry to drive the state economy, he added.

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