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INDIAN STATE : KARNATAKA
Incentives in the Biotech Sector
The government of Karnataka formulated a biotech policy
with the aim of spreading awareness about the investment
opportunities in bio technology, genomics, bioinformatics,
biofuels, contract research, etc.
- Tax Concessions, similar to those given to the IT
industry.
- Fiscal Incentives: biotechnology industry will be
exempt from the payment of entry tax on all inputs
as well as capital goods, including captive generation
sets, during the implementation stage, which can be
up to 5 years or during the construction period whichever
is earlier.
- Mega projects will be offered a unique concession
package.
- Captive generation sets installed by the biotechnology
industry will be exempted from electricity tax for
a period of 5 years.
- Biotech companies will be treated as industrial,
not commercial consumers and the relevant electricity
tariff will be levied on such companies.
- Bioinformatics companies that use up to 5 KVA power
will be permitted to be established without any locational
restrictions.
- The government will encourage setting up of venture
capital funds for biotech industries with private
participation.
- Concessions will be provided for creating employment.
Prestigious Multinational Companies
Operating in Karnataka
The State's proactive stance and its investor friendly
policies have ensured that international investors have
Karnataka high on their list of preferred destinations.
Hence, it's but natural that several multinational companies
have made Karnataka their home. What's more, Karnataka
has the enviable status of the presence of these international
majors across diverse industry verticals. The following
is an indicative list of MNC 's who have Karnataka as
their preferred address.
- Information Technology:
IBM, Texas Instruments, Intel, Hewlett Packard, Novell,
Tandem, Digital, Motorola, Verifone, IMR, Siemens,
Bull, Citel, Philips, Elxsi, LG, British Aerospace,
Acer, Oracle, PHL, Sony, Hitachi, Lucent Technologies,
Sun Microsystems, Kindle Systems, Healthscribe, First
Ring, Compaq, SAP, Dell, Sanyo, Accenture, Honeywell.
- Electronics & Communications:
Sanyo, Lucent, 3M, AMP, TYCO, NEC, Samsung, Krone,
Rittal, GE, Yokogawa Blue Star, British Telecom, AT&T,
Airtel, Ericson.
- Machine Tools: Fanuc,
Widia, Fritz Werner, Makino, Alfred Herbert. Engineering:
SKF, Ingersoll Rand, Waltex, Durco, Wrigten, Goulds,
Moog Control, Yuken.
- Automobiles: Toyota,
Suzuki, Volvo, Hitachi, Komatsu. Auto Components:
Bosch, Rolls Royce, Rover, Delphi, Spicer, Denso,
Yuasa.
- Food Processing:
Unilever, Britannia, Nestle, Nissin, Pepsi, Coca-Cola,
Heinz, Wrigleys.
- Agriculture: Monsanto,
Advanta, Cargil.
- Pharmaceuticals:
Astra, Smithkline Beacham, Warner Lambert.
- Floriculture: Sayag,
Flodac, Noorcam, Stokmenrozen, Dalsemkassenvow.
- Apparel: Crocodile,
VanHeusen, Arrow, Allen Solly, Lee, Lacoste, Levi
Strauss, Tommy Hilfiger.
- Aerospace: GE,
Rolls Royce, BAE, Turbo Meca.
- Cement: Italicement
- R&D: GE, Exxon,
ABB, GM.
- Others: Kodak,
Yuken, Stumpp Schuele, Wilkinson Sword, Deneb Hitech,
Tractabel, Elf, Fosroc, Phoenix, Valtek.
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