Karnataka - Bangalore   

Government plans two ‘industrial corridors’

Bangalore: The State Government is planning to create two “industrial corridors”, one between Bangalore and Mumbai and another from Bangalore and Chennai, Minister for Large and Medium Scale Industries Murugesh R. Nirani has said.

“The Bangalore-Mumbai corridor alone will link 11 districts and 20 towns, and industrial areas will be created along the route. Karnataka has eight new SEZs on the way, with estimated investments of Rs. 20,000 crore and the potential to create 2.3 lakh jobs,” Mr. Nirani told members of Federation of Karnataka Chambers of Commerce and Industry here on Monday.

The Government did not want SEZs on agricultural land and would frame a separate policy for this along with the new industrial policy to be announced within three months, he said.

“We are setting up task forces to create special industry parks for biotechnology, information technology, agro food and infrastructure-related industries and we want to promote them at locations beyond Bangalore,” he said. Many sanctioned industrial projects over the past few years did not take off and some lapsed because of the delay in giving clearances by previous governments.

“We want to prevent this and bring investments back to Karnataka by speeding up all clearances. Human resources development is getting top priority so that our young people are eligible for the thousands of jobs being created,” he said.

FKCCI president D. Muralidhar said the State had lagged behind in economic development in recent years. The State Economic Survey showed Karnataka had logged only 7.8 per cent growth, behind the national estimate of 8.7 per cent.

A new approach to taxation, power and other infrastructure could correct this, he added.

Printer friendly page  
Send this article to Friends by E-Mail

Stories in this Section

Percussive arts festival
Veteran artist’s works on show
Not missing a single beat
Bus passes
Military veterans seek justice
Fashion design
Camp to create awareness on chikungunya
Shift of RGUHS to Davangere opposed
Government wants manual scavenging to go by October 2
Language policy: Chandru favours Ordinance
Speed up work on projects: Yeddyurappa
Government plans two ‘industrial corridors’
AKKA to establish Kannada Bhavan
Fined
Cooks demand housing
Veeraiah appointed chairman
Dawn of a new era for State judiciary
Bringing smile to children
To get your ‘ka’ and ‘ki’ right
Want to listen to that unmatched vroom?
Brilliant strokes on show
‘Create a pressure group to help State get its due’

Copyright © 2008, The Hindu. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu