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Bommai says K'taka will contribute $1.5 Trillion to India's economy by 2025
Chief Minister Basavaraj Bommai on Tuesday said Karnataka will become the number one state in the country in overall economic growth, contributing $1.5 Trillion to India's economy by 2025 .
CM Basavaraj Bommai on Tuesday expressed confidence that the state will contribute US$1.5 trillion to the country's economy in realizing Prime Minister Narendra Modi's dream of making India a US$5 trillion economy.
Bommai, in his address at the 'Vision of Karnataka 2025' conclave organized by the Federation of Karnataka Chambers of Commerce and Industry (FKCCI), said, Karnataka is set to become the number one state in the country in overall economic growth.
"By 2025, the economy would have attained pace and buoyancy. I am confident of Karnataka making a significant contribution of $1.5 trillion to realize the PM's dream of making India a $5 trillion economy. The gross domestic product (GDP) growth would double. With financial discipline and planning there would be growth in the agriculture, industry and services sectors," said Bommai.
He added, "I have given greater impetus for economic growth in this year's budget. The size of the budget has been increased by Rs. 19,000 crore. Even the experts had not expected this. It was predicted that the budget would be loaded with freebies as it is a pre-election budget, but we have come to the rescue of those who help the state. We have extended a helping hand to those who toil under the hot sun."
Bommai further stated that infrastructure projects like roads, railways, airports and ports have received a big boost. Special investment regions would come up at Dharwad and Tumakuru.
The CM said food parks would be set up in every district. The Chennai-Mumbai corridor, textile parks at Gulbarga and Vijayapura would lay a strong foundation for sustained economic growth.
Bommai also stressed on the need for equity in economic growth. "Special emphasis has been given for the development of Bengaluru. The peripheral road has been approved and the tendering process is on," he said.
Adding that packages have been finalized for Ring Roads in all cities, he said the Satellite Town Ring Road (STRR) connecting Dabaspet to Chennai Highway and Mysuru road would be taken up next.
Metro is being extended in the city and tenders have been invited for the Suburban Rail project.
Ministers Dr K Sudhakar, BA Basavaraj and FKCCI office bearers were present at the event on Tuesday.
