State will do its bit after Centre gives 50%: Minister

Bengaluru, NT Bureau: Karnataka Large and Medium Industries Minister M B Patil on Wednesday said that the state government is ready to provide its share of 20 per cent subsidy if the central government extends a 50 per cent subsidy to promote the semiconductor industry in the state.

According to a statement from the minister's office, Patil's statement came in response to Union Heavy Industries Minister H D Kumaraswamy's comments on Tuesday, where he questioned whether the state government was prepared to award a 20 per cent subsidy to US-based Micron Technology, similar to the Gujarat govt's approach.

Patil affirmed that if the central government initially provides a 50 per cent subsidy, the state would extend a 20 per cent subsidy.