Bengaluru: New investors in Karnataka may get encouragement as the state government plans to encourage them to employ more people with tax incentives.
“We are planning a separate policy to cover the benefits of taxes proportional to the number of new jobs created by investors or companies.
Until now, we have an investment policy for the industry.
Now, we will soon come up with employment policy,” said the Chairman of the Minister of Bukavaraj Bommai, who Is the Toi Guest editor on Monday.
At present, he said the manufacturing sector received tax incentives for investment but the government wants to expand it for the amount of work they can create.
It can compensate for work losses in this country because of Covid-19.
BOMMAI said this was not only Will create more work but also help revive the economy.
“Karnataka is the only country that has not cut the salaries of government employees.
As far as the private sector, pandemic, for the past 38 months, has taken a lot of work in the state but people get jobs because of revival.
We hope the situation will increase for the next 3-4 months and more work will be restored, “he said.
The government will ensure the local population gets a priority in this new job, he added Cross and improve road conditions in Bengaluru, he said the government aims to create model infrastructure development in the central business district and replicate in the next phase.
“We are looking to support all the main stretches in CBD with development work and modern facilities.
Along with quality roads, we plan to introduce traffic signals equipped with artificial intelligence cameras that will become red, yellow and green by measuring the density of the vehicle and make a smooth trip, “he added.
Bommai said the government was working on the design of anti-conversion bills for Asked in the legislative winter session in Beleagavi in December.
“Will not return to the bill because there are complaints of forced conversion in the state,” he added.
K’Taka: ‘Investors will get tax incentives for job creation’
