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Karnataka releases ₹125 cr to strengthen old industrial areas

Anil Urs Bengaluru May 6 | Updated on January 20, 2018 Published on May 06, 2016

KIADB, KSIIDC to undertake renovation work

The Karnataka government has released ₹125 crore to strengthen and upgrade old industrial areas in the State.

Of the amount, ₹100 crore is given as special grant to Karnataka Industrial Area Development Board (KIADB) to upgrade its old industrial areas, especially in the backward regions.

“This comes at a time when infrastructures at old industrial areas were crumbling. The upgradation works in the areas include roads, and drains, water supply and power supply,” said a senior official in the industries and commerce department.

Allotment to KSIIDC

The government also has released ₹25 crore to Karnataka State Industrial and Infrastructure Development Corporation (KSIIDC) to take up work in 23 industrial estates.

The amount released for KIADB will take care of works proposed in 32 industrial areas in backward regions such as Kalaburgi, Bidar, Ballari, Raichur, Koppal, Gadag, Belagavi, Dharwad, Bijapur, Bagalkot and Karwar. Tenders will be called shortly to take up the upgradation of infrastructure.

“The government intends to create industry friendly infrastructure to facilitate smooth industrial activity and promote industrial production, employment generation and export promotion,” the official said.

KIADB has proposed establishment and development of exclusive women’s entrepreneurs’ park at Harohalli third phase industrial area at an extent of 350 acres and 50 acres in Mysuru, 100 acres in Ballari under MSME-CDP scheme of Central government.

Industrial clusters

There are also plans to develop industrial clusters such as SC/ST clusters in Mysuru, (Hebbal industrial area), Dharwad (Kelageri industrial area), Printers clusters at Mysuru (Koorgalli industrial area), Bangles cluster at Bidar (Basavakalyan industrial area, auto complex at Shivamogga (Devakathikoppa industrial area) under MSME-CDP scheme of Centre.

KIADB also plans to allot land at minimum rates at Kadechur Badiyal industrial area, Yadgir and Badanakuppe-Kellamballi industrial area in Chamarajanagar at ₹19.50 lakh per acre and ₹39.50 lakh per acre respectively.

Published on May 06, 2016
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