Karnataka Industries (Facilitation) Act, 2002 Preamble 1 - Bare Act

THE KARNATAKA INDUSTRIES (FACILITATION) ACT, 2002¹

[Act, No. 45 of 2003]

[27 October, 2003]

PREAMBLE

An Act to provide for the promotion of industrial development and facilitation of new investments to simplify the regulatory frame work by reducing procedural requirements and rationalising documents and to provide for an investor friendly environment in the State of Karnataka.

Whereas, it is expedient to provide for speedy implementation of industrial and other projects in the State by providing single point guidance and assistance to promoters, reducing the procedural requirements rationalising documents and to ensure smooth operation;

Be it enacted by the Karnataka State Legislature in the Fifty third year of the Republic of India as follows:-

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1. First published in the Karnataka Gazette Extra-ordinary on the Fourth day of November, 2003.