Public Works Minister Satish Jarakiholi has reassured industrialists from Belagavi that the recent increase in electricity rates is only temporary and there is no need for them to consider migrating to Maharashtra.
He acknowledged the concerns of Belagavi industrialists who had threatened to move if rates were not reduced, but pointed out that establishing an industry takes years of effort and investment. It is not something that can be done overnight, like opening a can or tea shop.
Jarakiholi clarified that the government is not directly involved in rate revision, as this is the responsibility of the Karnataka Electricity Regulatory Commission (KERC). He acknowledged that the recent rate revision has caused confusion and concern, not just in Karnataka but across the country. However, he promised to hold a meeting to address these issues and provide clarity on the situation.
It is important for industrialists to understand that the government is committed to supporting the growth and development of the industrial sector in Karnataka. While there may be temporary challenges, such as the recent increase in electricity rates, the government is working to find solutions and ensure that businesses can thrive in the state. By working together, we can overcome these challenges and build a stronger, more prosperous future for Karnataka.