Good news! Without waiting for approvals, entrepreneurs can start business in Karnataka now
In a first-of-its kind initiative in the country, Karnataka will allow aspiring entrepreneurs in small, medium and major sectors to start operations without waiting to obtain any prior sanction or permits from the government. The cabinet, which met on Thursday, approved the Karnataka Industries Facilitation Amendment Bill, which seeks to exempt industries from obtaining permissions from multiple agencies for the first three years. Karnataka is the first state to amend the long pending industrial reform to boost investment across sectors. Investors just need to submit a proposal to the Karnataka State High Level Clearance Committee (SHLCC) to start an industry or enterprise.