1. Home
  2. India
  3. Karnataka Budget 2018: Beating the Chinese at their own game
Karnataka Budget 2018: Beating the Chinese at their own game

Karnataka Budget 2018: Beating the Chinese at their own game

119
0

The CM said China-made solar power goods, electrical lights and electric goods, bathroom fittings and electrical toys are available at cheap rates.

Bengaluru: Expressing concern over China-made products dominating the Indian market for the past two decades, Chief Minister H.D. Kumaraswamy has decided to give a thrust to manufacturing units at the village and taluk level by announcing a ‘Compete with China’ scheme. The CM said China-made solar power goods, electrical lights and electric goods, bathroom fittings and electrical toys are available at cheap rates. Due to this, Indian industries are on the verge of closure and realising that these units have to ‘produce or perish,’, the government has decided to setting up a Programme Mission Unit under the leadership of successful entrepreneurs to achieve the goals of the ‘Compete with China’ scheme.

To compete with China goods, spare parts manufacturing units will be set up at the village level, assembly units at the taluk level and malls will be opened to market these goods. For this purpose, ‘Plug and Play’ industrial sheds will be constructed. This initiatives will generate eight lakh jobs in each district, Mr Kumaraswamy said. Kalaburagi district will be developed as ‘Bharat Solar district,’ solar panels, inverters, capacitors and luminators for the production of solar power will be produced in the district. To counter the LED lights of China, an LED light manufacturing unit will be set up in Chitradurga district and a market will be established in the same district to sell the products.

To compete with China-made, sanitary goods, the government has decided to set up bathroom floor tiles and sanitary goods manufacturing unit in Hassan district. To encourage battery operated toys, a cluster of units for manufacture of toys will be set up in Koppal district. There is a huge demand for ICB and IC units to produce battery operated toys. A mobile phone component unit will be established at Chikkaballapura, this unit will also provide an opportunity to separate components of 3 crore old mobile phones. The CM has also earmarked Rs 2,000 crore capital for companies which come forward to produce agricultural equipment which will meet the requirements of local farmers and will be suitable for native crop patterns. To implement the aforesaid scheme to produce agricultural equipment, Rs 500 crore will be provided to impart training for a period of six months to two years.

To encourage the rural coconut fibre industry, incentive wages of Rs 10,000 per annum will be given to skilled labourers working in the micro and small coconut fibre industry. Acquisition of land to set up industrial shed in rural areas is a long process and so the government is planning to buy 100-200 acres of barren land available in rural areas. It has also decided to introduce an App which will provide information about the current quarry contractors and crushers to the general public. A new textile policy will be formulated to create employment opportunities in the textile and garment sector, the CM added.

Source: deccanchronicle
Anand Gupta Editor - EQ Int'l Media Network

LEAVE YOUR COMMENT

Your email address will not be published. Required fields are marked *