Karnataka State Government announced Industrial Policy 2014-19 which came into effect from October 2014. Objectives of the Policy are to maintain an industrial growth rate of 12% p.a. and enhance the contribution of manufacturing sector to the State GDP to 20% by end of policy period. The Policy has a target to attract investment of Rs. 5 lakh crore and create employment opportunities for 15 lakh persons.
The Department of Industries and Commerce entrusted TECSOK to carry out Mid Term Evaluation of the Policy in order to assess the implementation status and also to find out shortcomings if any, coming in the way of achieving the targets set out in the Policy.