Minister Kumaraswamy questions subsidies for Micron technology's Gujarat plant for every job created
Bengaluru: Union Minister H D Kumaraswamy, from the JD(S) party, has raised concerns over the substantial subsidies allocated to US semiconductor giant Micron Technology for setting up a $2.5 billion unit in Gujarat.
Kumaraswamy questioned the allocation of approximately Rs 3.2 crore in subsidies for each job created by the new manufacturing facility, expected to generate 5,000 jobs.
In a televised address to party workers in Karnataka, Kumaraswamy initially identified Micron Technology before retracting his statement, citing lack of authorization. He emphasized the need to evaluate the justification of such hefty subsidies, which constitute 70% of the company's total investment, contrasting it with support provided to small-scale industries in local industrial estates like Peenya in Bengaluru.
Acknowledging Prime Minister Narendra Modi for assigning him the steel and heavy industries portfolios, Kumaraswamy pledged to prioritize employment generation nationwide, including encouraging job opportunities beyond Karnataka with a willingness to relocate.
Reflecting on his party's political dynamics, Kumaraswamy criticized the Congress's approach of guarantee schemes in Karnataka, advocating instead for policies that foster self-reliance through job creation. Despite past political friction with the Congress, he expressed readiness to collaborate for the state's welfare and called for setting aside political differences.
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Israel approves ceasefire with Hezbollah, deal expected on November 27: Report
Israel's security cabinet on Tuesday approved a ceasefire deal with Lebanon, news agency Reuters said, citing sources.
This is a developing story. It will be updated.
