This new study from ASSOCHAM caught me by surprise. It says Karnataka is the second most preferred investment destination in India now. A regular news junkie would surmise that most of these investments would be in the services sector. But, the study says that manufacturing was the largest component.
Robust infrastructure, active policy support are essential pre-requisites for the manufacturing sector to thrive. One has to wonder if the state has turned a corner of if this is just a blip.
Nearly 44 per cent of these are in manufacturing sector followed by 22.4 per cent in services, 15 per cent in power and about 14 per cent in real estate. The projects are in different stages of implementation, said The Associated Chambers of Commerce and Industry of India (ASSOCHAM) in its study titled ‘Karnataka – Next Growth Leader in the Making.’Karnataka has a history of volatile politics. Except for the period between 1999 and 2004 the state has not seen a single chief minister complete a full term since 1977. And lately, the state has been in the news for mostly the wrong reasons.
Robust infrastructure, active policy support are essential pre-requisites for the manufacturing sector to thrive. One has to wonder if the state has turned a corner of if this is just a blip.
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