Seeking closer interaction with industry leaders from Tamil Nadu, the Karnataka State Government officials have initiated dialogue for a bullet train plying on Chennai-Mysore sector, wants Chennai-Bangalore industrial corridor extended to Mumbai and an Aerospace Park for mutual benefit, said its Industries Minister Murugesh R. Nirani on Tuesday.
“We are not competing with Tamil Nadu. But on the other hand, we would like to work with them. We could not have dreamt of such a thing 10 years ago. The unveiling of poet-saint statues by the Chief Ministers of these States has improved our relations,” Mr. Nirani told The Hindu.
In the last five years, Karnataka has attracted nine firms from Tamil Nadu with an investment of Rs.11,856 crore. Three manufacturers from Tamil Nadu have evinced interest to set up units with investment of Rs.4,000 crore. The names will be announced during the Global Investors Meet, he said.
High-speed rail link
According to him, the commissioning of the first phase metro rail in Bangalore city by the year end would ease the traffic problems. Besides, the State is also planning to have a high-speed rail link connecting Bangalore International Airport and Bangalore city.
Noting that Japanese firms are demanding a separate industrial park, industrial corridor and bullet train, Mr. Nirani said “recently we set up a dialogue committee to speed up the work relating to bullet train. It is in the initial stages. It involves heavy funding. The next round of meeting will be held in June.”
Addressing investors as part of ‘Global Investors Meet 2010' road show, Karnataka Commissioner for Industrial Development and Director of Industries and Commerce Raj Kumar Khatri said that high priority is given for creating requisite infrastructure.
“We have a power shortage of 15 per cent. The situation would improve in the next six months, as units with 100 MW of power will be added every month. Non-availability of land is a major constraint. The State Government had notified 56,000 acres of degraded land for industrial purposes. Two gas pipelines are proposed – Dabhol-Bangalore; Chennai-Bangalore-Mangalore. It will lead to setting up gas based power plants and fertilizer plants. The aero-park will not compete with the one proposed by Tamil Nadu,” he said.
The two-day Global Investors Meet will be held in Bangalore on June 3 and 4 in which 2,000 delegates are expected to take part, Mr. Khatri said.