financetom
Business
financetom
/
Business
/
Karnataka amends Industries Facilitation Act: Manufacturers to get 3-year window to set up
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Karnataka amends Industries Facilitation Act: Manufacturers to get 3-year window to set up
Jun 25, 2020 12:18 PM

Karnataka is set to give companies in the manufacturing sector a window of three years to set up in the state even if they have not received several statutory clearances. These clearances include approvals relating to labour laws, town planning, and several others.

Share Market Live

NSE

The Karnataka Cabinet on Thursday approved an amendment to the Industries (Facilitation) Act and is likely to bring out an ordinance to bring it into effect.

"Approvals under 13 state Acts will be relaxed for 3 years for companies in the manufacturing sector that are setting up here," an official of the industries department said.

The official clarified that at present, approval from the pollution control board comes under a Central Act and hence will be required.

The company applying for these exemptions will get an acknowledgment certificate after getting a single-window clearance from a state or district level committee.

First Published:Jun 25, 2020 9:18 PM IST

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Flowers Foods' Fiscal Q2 Results Display Ongoing Challenges, Truist Says
Flowers Foods' Fiscal Q2 Results Display Ongoing Challenges, Truist Says
Aug 15, 2025
10:20 AM EDT, 08/15/2025 (MT Newswires) -- Flowers Foods' ( FLO ) fiscal Q2 results are indicative of the challenges the company has been facing lately, Truist Securities wrote in a note to clients Friday. The company's net sales for the quarter ended July 12 were $1.24 billion, below the $1.28 billion estimates expected by Truist's analysts. It reported Q2...
Mettler Toledo International Inc Insider Sold Shares Worth $1,381,560, According to a Recent SEC Filing
Mettler Toledo International Inc Insider Sold Shares Worth $1,381,560, According to a Recent SEC Filing
Aug 15, 2025
10:22 AM EDT, 08/15/2025 (MT Newswires) -- Thomas P Salice, Director, on August 13, 2025, sold 1,062 shares in Mettler Toledo International Inc ( MTD ) for $1,381,560. Following the Form 4 filing with the SEC, Salice has control over a total of 52,693 common shares of the company, with 283 shares held directly and 52,410 controlled indirectly. SEC Filing:...
Google agrees $36 million fine for anti-competitive deals with Australia telcos
Google agrees $36 million fine for anti-competitive deals with Australia telcos
Aug 17, 2025
SYDNEY, Aug 18 (Reuters) - Google agreed on Monday to pay a A$55 million ($35.8 million) fine in Australia after the consumer watchdog found it had hurt competition by paying the country's two largest telcos to pre-install its search application on Android phones, excluding rival search engines. The fine extends a bumpy period for the Alphabet-owned internet giant in Australia,...
Deere Poised for EPS Inflection to Growth, Oppenheimer Says
Deere Poised for EPS Inflection to Growth, Oppenheimer Says
Aug 15, 2025
10:18 AM EDT, 08/15/2025 (MT Newswires) -- Deere (DE) is poised for earnings-per-share inflection to growth in fiscal Q1 of 2026, Oppenheimer said in a note Friday. The firm said it remains on the high end of the 2026 consensus estimate because it expects greater market conviction that year. But Oppenheimer added that caution for recovery in 2026 is warranted...
Copyright 2023-2025 - www.financetom.com All Rights Reserved