Bengaluru: The Cabinet on Thursday approved the State Government’s new Industrial Policy that aims to generate Rs.5 lakh crore investment and create 20 lakh jobs over the next five years, by offering a slew of incentives.
Speaking to presspersons after the Cabinet meeting here yesterday, Industries Minister Jagadish Shettar said that as per the policy, all new investment projects shall create direct employment opportunities, with a minimum job reservation of 70 percent for Kannadigas on an overall basis and 100 percent in case of Group-D employees.
