On Wednesday, the Karnataka minister tweeted on the Union Minister for Metal and Heavy Industries, H.D. Kumaraswamy, indicating the federal government’s willingness to increase subsidy help to semiconductor producers, citing the Gujarat authorities’s instance. “I’m completely happy that the union minister has responded positively to my request to increase comparable subsidies to our state,” tweeted the minister.
Earlier this week, union minister and JD(S) chief Kumaraswamy had questioned the Centre and Gujarat authorities’s resolution to supply a subsidy of ₹3.2 crores to US-based microchip producer Micron for each job created within the state.
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In his tweet, M.B. Patil stated, “I’m completely happy Kumaraswamy responded appropriately to my request to permit Karnataka to do the identical. The state authorities has requested whether or not it could help a semiconductor manufacturing firm. Just like the central authorities in Gujarat, we too have given cash. If a 50 p.c low cost is given, the state authorities is able to give 20 p.c subsidy.” He added that he was assured the Union Minister wouldn’t again down on his promise to implement the subsidy.
The Congress MLA additionally acknowledged that he didn’t intend to argue with the centre or the Union Minister. “There isn’t a politics within the growth of the state. I’ll meet him personally and request his help in securing a semiconductor plant in Karnataka,” he tweeted.
Political analyst Harish Ramaswamy commented, “I’m not in favor of semiconductors however am as a substitute rooting for smaller and medium industries to develop. Typically, we purpose very excessive regardless of not having the ability to help them. The scenario is that India might be making an attempt to emulate the Chinese language mannequin which isn’t proper for us. Now we have entrepreneurship, which is now blossoming. We have to help these small-scale industries. I imagine on this conventional technique of development of industries which might have longevity, particularly in manufacturing.”
Including that politically, we don’t usually depend on economists for selections of this magnitude, he stated, “Like we have to change the rhetorics and the language of politics, we have to change the method in the direction of financial selections additionally. Until completed professionally, there can be misjudgments, mismanagement, and misplaced priorities.”
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