From Our Special Correspondent

Daijiworld Media Network

Bengaluru, Feb 15: In an effort to push the industrial growth beyond Bengaluru, the Karnataka Industrial Area Development Board (KIADB) will develop new industrial areas in eight districts, announced Large and Medium Industries Minister Murugesh Nirani in the State Legislative Council on Tuesday, February 15.

Replying to MLC H M Ramesh Gowda’s query in the Upper House, Nirani said KIADB is planning to develop new industrial areas in 2022-23.

“KIADB will develop Harohalli 5th phase in Ramanagara, Gauribidanur 3rd phase in Chikkaballapura, Madhugiri industrial area in Tumakuru, Jakkasandra 2nd phase in Kolar, Kuduragundi industrial area in Mandya, Arasikere industrial area in Hassan, Kadechur 2nd phase in Yadgir and Obalapura industrial area in Bengaluru rural,” Nirani said.

Responding to another query, the minister said the global investors’ meet, ‘Invest Karnataka – 2022’ will be held from November 2 to 4, 2022 at Palace Ground in Bengaluru.

“Karnataka attracted Rs 1,02,866 crore investments and remained the top FDI recipient in India with 46% share in April-September 2021 fiscal. We are one of the top FDI recipients among the major states during COVID-19 pandemic. We have implemented Industrial Policy 2020-25 with an aim to attract more foreign investments and push industrial growth in the state. Those who make more than Rs 500 crore investments will get special incentives,” the minister said.

Nirani said KIADB has developed 188 industrial estates across the state so far and basic infrastructure facilities are in good condition.

He said the State Government has released Rs 525 crore under Critical Infrastructure Development Scheme to upgrade infrastructure facilities in old industrial areas.