No lapse by govt in responding to Kaynes Technology: Minister

Bengaluru, NT Bureau: Karnataka Large and Medium Industries Minister M B Patil on Friday said that the government had responded quickly to the proposal by Kaynes Technology India Limited to set up its unit here.

He was responding to industry expert Mohandas Pai's statement on 'X' in which he said that Kaynes Technology has commenced its Rs 2,800 crore OSAT (Outsourced Semiconductor Assembly and Test) plant construction in Telangana, setting aside its earlier plan to set up at Mysuru, due to a delay in response by the state government.

"Sad day for Karnataka. We have driven away one of our best cos from mysore because of lethargy and lack of response, why are we driving away our industry? How will jobs come @CMofKarnataka @siddaramaiah @ PriyankKharge tried. @ DKShivakumar @MBPatil Karnataka should not lose out," Pai had posted.

Noting that all such industry proposals above Rs 500 crore investment need to be approved by the high-level committee headed by the CM, Patil in his response said, "However, we had approved the company's proposal even before the meeting and issued the government order regarding this."