Karnataka Responds To Kaynes Technology Setting Up Unit In Telangana

Karnataka Large and Medium Industries Minister M B Patil has responded to industry expert Mohandas Pai's statement on Twitter, in which Pai said that Kaynes Technology has commenced its Rs 2,800 crore OSAT Outsourced Semiconductor Assembly and Test plant construction in Telangana, setting aside its earlier plan to set up at Mysuru, due to a delay in response by the state government.

Karnataka Government's Response

Patil said that the government had responded quickly to the proposal by Kaynes Technology India Limited to set up its unit in Karnataka. He noted that all such industry-related proposals above Rs 500 crore investment need to be approved by the high-level committee headed by the chief minister. However, he said, "We had approved the company's proposal even before the meeting and issued the government order regarding this. There is not even a minor lapse by the government in responding to the company's proposal."

Patil added that the company representatives had discussed the proposal with the chief minister and that the company might have decided to go to Telangana for its own reasons. "They might have expected many more concessions. But, we can not violate the set norms while awarding concessions. We were in touch with the company even when we were in America on a business delegation," he said.

Mohandas Pai's Allegations

In his tweet, Pai had said, "Sad day for Karnataka. We have driven away one of our best cos from Mysore because of lethargy and lack of response, why are we driving away our industry? How will jobs come @CMofKarnataka @siddaramaiah @PriyankKharge tried. @DKShivakumar @MBPatil Karnataka should not lose out."

Karnataka's Investment Climate

Patil said that the state has been at the forefront in attracting investment and proposals worth Rs 25,000 crore are in the pipeline. He added that the Commissioner for Industries and Commerce would apprise Pai of the entire context.

The Karnataka government's quick response to Kaynes Technology's proposal indicates its commitment to attracting investment and creating jobs. The state's strong investment climate and robust infrastructure make it an attractive destination for businesses looking to expand or relocate.