Former Karnataka Chief Minister, Union steel and heavy industries minister H.D. Kumaraswamy has raised concerns about a significant subsidy granted to a US-based company by the Gujarat government. The company receives Rs 3.2 crore for each job it creates in the state, which Kumaraswamy finds questionable and potentially excessive. He has urged the government to clarify the details and justify this substantial financial support.
Kumaraswamy’s criticism centers around the transparency and fairness of using taxpayer money for such subsidies. He questions whether this financial aid aligns with the broader economic interests of the state and its residents. Kumaraswamy is seeking more information on the selection process of the firm and the expected long-term benefits of this investment for Gujarat’s economy.
The controversy highlights ongoing debates about the effectiveness of large subsidies to attract foreign investment. Kumaraswamy’s stance emphasizes the need for careful scrutiny of government spending to ensure it serves the public interest and contributes to sustainable economic growth.
