Karnataka targets GDP growth of 9 per cent by 2010
28 Nov 2009
Karnataka is targetting a gross domestic product (GDP) growth of 9 per cent by 2010 from 7 per cent today, and is set to launch infrastructure projects including public private partnership projects (PPP) worth Rs100,000 crore by 2010, said V Madhu, principal secretary, infrastructure development department, government of Karnataka.
He was speaking at the special session on Karnataka, with the theme of Infrastructure Development Agenda and Investment Opportunities, organised by the Confederation of Indian Industry at EXCON 2009 in Bengaluru.
Karnataka is now among the top five industrial states in India. It is one among the states that register steady growth in GDP, which is about Rs215,282 crore, he added.
Karnataka's road sector needs an investment of Rs125,000 crore by 2020, for energy sector, it needs the funding of Rs 80,000 crore by 2017 and for airport infrastructure, Rs15000 crore by 2011. Railways alone need Rs 21,000 crore, he said.
The government will come up with ten industrial infrastructure projects in the near future, he added.
He added that the state government is taking the help from a number of experts in preparing the vision 2020 plan, which will be likely to released in January 2010.