Karnataka

Centre gives in-principal clearance to four National Investment & Manufacturing Zones in Karnataka

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The Union Government has accorded an in-principle approval to establish four National Investment and Manufacturing Zone (NIMZ) at Kalaburgi, Tumkur, Kolar and Bidar districts and the State Cabinet which met in Kalaburagi on Friday took a formal decision to take up Techno-Economic feasibility survey and prepare a Detailed Project report for the proposed NIMZ in Kalaburgi district.

Briefing media persons after the Cabinet meeting, Chief Minister Siddaramaiah said the State government had identified suitable land at Madbul, Mattimadu, Vaccha, Hadanur, Gundagurthi and Inganakal villages in Chitapur taluk in Kalaburagi district for establishment of the NIMZ.

He said that as per the preliminary estimate, the project may require around 12,000 hectares and the investment flow into the proposed NIMZ was expected to be around Rs 25,000 crore with an employment potential of one lakh. Mr Siddaramaiah said that he had spoken to the officials from the Hindustan Coco Cola Beverages Ltd on the establishment of their plant in Yadgir Industrial area between Kadechur and Badiyala villages.

The Cabinet which discussed the issue had decided to allot the 250 acres of land to Coco Cola, which has promised to invest Rs 1,000 crore and create an employment opportunity for more than 500 people directly and indirect employment to another 500. The cabinet also decided to allot another 125 acres to the M/s Mphanites Solutions Pvt Ltd for the establishment of their pet bottles unit at a cost of Rs 489 crore providing direct employment to 1,160 people.

Mr Siddaramaiah said that apart from this, 53 Pharmaceutical companies in Telangana state had expressed to shift their units to Yadgir and had sought altogether 640 acres of land and promised to invest Rs 1297 Crores. This would create an additional employment avenue to 10,779 people directly and several others would be provided employment indirectly.

He said that five textile units have also evinced interest in establishing their units in Yadgir industrial area and they included M/x Shahi Exports Pvt Ltd, M/s RSB Cottex Ltd, Ahmedabad, M/x Prajna Jyothi TextilePark Pvt ltd, Assamm N/s ETCO Denim Pvt Ltd, Mumbai, Sharanik Kumar Dhokla. The expected investment of these companies was more than Rs 835 crores and the land sought by them was 255 acres.

The cabinet meeting also decided to accord permission to establish the Government Tools and Training Centre (GTTC) in Hassan and Hospet at a cost of Rs 29.37 crore and Rs 8.60 crore respectively. It has also been decided to establish the GTTC in Koppal and Yadgir districts. The Cabinet also gave approval to the KIADB to raise working capital of Rs 27 crore from Banks and the government would stand guarantee to the loan availed by the KIADB.

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Printable version | Dec 10, 2018 10:29:16 PM | https://www.thehindu.com/news/national/karnataka/centre-gives-inprincipal-clearance-to-four-national-investment-manufacturing-zones-in-karnataka/article6643618.ece

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