Karnataka Govt To Set Up Industrial Hubs In Five Districts In State's Northern Region

Karnataka Govt To Set Up Industrial Hubs In Five Districts In State's Northern Region

by IANS - Thursday, July 8, 2021 07:57 AM IST
Karnataka Govt To Set Up Industrial Hubs In Five Districts In State's Northern RegionAn industrial and transport equipment manufacturing factory (representative image)

Karnataka plans to set up industrial hubs in five districts across the state's northern region to ensure regional balance and uniform development, said state Industries Minister Jagadish Shettar on Wednesday (7 July).

"The industrial hubs or clusters will be set up in Bidar, Kalaburagi, Koppal, Raichur and Yadgir districts in the northern region to facilitate investments in diverse sectors and create hundreds of jobs," Shettar told reporters.

For instance, a toy cluster is being set up in Koppal district with Rs 5,000 crore investment for making toys for domestic and export markets and create about 10,000 jobs when it is commissioned.

"As part of our new industrial policy (2020-24), we want industries in and around Bengaluru to expand their operations in tier-2 and tier-3 cities across the state, especially in the five northern districts of 'Kaushalya' Karnataka," said Shettar.

With airports at Bidar and Kalaburagi in the region connected to Bengaluru, Hubli and Belagavi across the state and Hyderabad in Telangana, Shettar said air, rail and road connectivity would promote rapid growth of industries in the five districts, which have been lagging behind in economic development.

"Facilities are being created to form a pharmaceutical cluster in about 1,000 acres of land in Yadgir's Kadechur industrial area, where approvals have been given to 62 companies to collectively invest Rs 2,531 crore," said Shettar.

Referring to Rs 3 lakh crore economic package that Union Finance Minister Nirmala Sitharaman announced recently to revive industries hit hard by the Covid pandemic, the minister said the state government had waived power bills of small, micro and medium enterprises (MSMEs) in the state for three months.

(This story has been published from a wire agency feed without modifications to the text. Only the headline has been changed.)

Get Swarajya in your inbox everyday. Subscribe here.

An Appeal...

Dear Reader,

As you are no doubt aware, Swarajya is a media product that is directly dependent on support from its readers in the form of subscriptions. We do not have the muscle and backing of a large media conglomerate nor are we playing for the large advertisement sweep-stake.

Our business model is you and your subscription. And in challenging times like these, we need your support now more than ever.

We deliver over 10 - 15 high quality articles with expert insights and views. From 7AM in the morning to 10PM late night we operate to ensure you, the reader, get to see what is just right.

Becoming a Patron or a subscriber for as little as Rs 1200/year is the best way you can support our efforts.

Become A Patron
Become A Subscriber
Comments ↓
Get Swarajya in your inbox everyday. Subscribe here.

Latest Articles

    Artboard 4Created with Sketch.