The credit of transforming Karnataka into the investor's chosen land goes to the prudence and commitment of the Government of Karnataka. Because of its untiring efforts in mobilising foreign investment. KARNATAKA STANDS FIRST IN INDIA IN FOREIGN DIRECT INVESTMENT FOR THE LAST 12 MONTHS.
Some of the concrete steps taken by the State Government to retain the pre-eminent position of Karnataka in industrial growth are:

Simplified procedures and single window agency to clear new projects with speed and efficiency

Exclusive Foreign Investment Promotion Board to swiftly clear the projects with foreign investment of more than Rs.500 million and with foreign equity above 51%. The Board will also monitor project implementation.

Separate policies for infrastructure, information technology, power generation, tourism etc. to expedite action on these fronts.

Setting up growth centers in towns such as Hassan, Dharwad, Raichur to support and supplement major industries and ease pressure at the main metros.

Developing minor airports with private sector participation

Setting up special economic zone, for rapid development of export-Import manufacturing activities.

Developing minor seaports and modernising major seaports.

Increasing power generation from the present 4000 mega watts to 9000 mega watts.

Set up export promotion industrial park on an area of about 250 acres near Bangalore.

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