Karnataka unveils agricultural, tourism policy 2020-25; eyes Rs5000 crore investment

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The new policy also aims to increase the contribution of the sector from 14.8% to 20% of the Gross State Domestic Product (GSDP) by 2025.

Karnataka Chief Minister BS Yediyurappa on Sunday, September 27, unveiled the state's new agricultural and tourism policy aimed at attracting Rs. 5000 crore of investments and one million direct and indirect jobs over the next five years.

The new policy also aims to increase the contribution of the sector from 14.8% to 20% of the Gross State Domestic Product (GSDP) by 2025, said a Livemint report.

Focused on Agri Tourism and Rural Tourism, the policy seeks to promote not just agricultural and farming activities but also various aspects of rural life in Karnataka such as local cuisine, culture, traditions, arts etc," the government said in a press statement.

The policy emphasises aspects such as attracting more domestic and international travellers to places in the state, giving a boost to various kinds of tourism such as heritage, wildlife, spiritual, cultural, adventure, coastal, nature, health and agriculture.

The new policy comes at a time when Karnataka has been looking for fresh inflow of capital to revive its fledgling finances, burdened by floods and damage to agricultural activities and the covid-19 induced lockdown, Karnataka’s economy has felt one of the hardest impacts in recent times.

The Yediyurappa government had earlier announced a new industrial policy to bring in fresh investments and create new jobs in the state. The policy outlines subsidies and incentives worth over Rs.400 crores for fresh investments.

The policy also proposed to provide exemption on stamp duty, concessions on registration charges, reimbursement of land conversion charges, exemption on motor vehicle tax, complimentary infrastructure assistance among other benefits.

The policy aims to achieve sustainability goals set by the United Nations Organisation and encourages an analytics-driven approach for planning and decision-making and provide innovative digital solutions to enhance the quality of services across the tourism ecosystem, the government stated (With inputs from Livemint)

Image Credit: The New Indian Express

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