If Centre extends 50% subsidy for semiconductor industry, state will provide its share: Karnataka Minister

Minister MB Patil emphasised that the central government should adopt a uniform policy for all states and expressed hope that Kumaraswamy would recognise this.

ByPTI

Published Jun 20, 2024 | 12:06 PM Updated Jun 20, 2024 | 12:06 PM

MB Patil speaking during a Congress event. (Twitter)

Karnataka Large and Medium Industries Minister MB Patil on Wednesday, 19June, said that the state government is ready to provide its share of 20 percent subsidy if the central government extends a 50 percent subsidy to promote the semiconductor industry in the state.

According to a statement from the minister’s office, Patil’s statement came in response to Union Heavy Industries Minister HD Kumaraswamy’s comments on Tuesday, 19 June, where he questioned whether the state government was prepared to award a 20 percent subsidy to US-based Micron Technology, similar to the Gujarat government’s approach.

Patil affirmed that if the central government initially provides a 50 percent subsidy, the state would extend a 20 per cent subsidy. “I have confidence that Kumaraswamy will not backtrack on this,” he added.

The minister emphasised that the central government should adopt a uniform policy for all states and expressed hope that Kumaraswamy would recognise this.

“We are questioning the central government favouring Gujarat, which is the home state of Prime Minister Narendra Modi,” Patil added.

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