Happy days for Industry too

TEAM TOI

Other promises

• New industrial policy

Samrudda Karnataka Global Investors Meet in Bangalore

Vision group for industrialization

Improved roads to reach mining areas, and levy toll on vehicles plying on these roads

A sum of Rs 2 crore for setting up a food processing park in Shimoga. Similar parks in Malur, Bagalkot, Hiriyur and Jewargi

   The government has devised ways to decentralize industrial development. The budget announced that a government-run export-import corporate office will be set up in Hubli — a first-of-its-kind experiment in the state. Presently, the state’s import-export statistics are managed by the commerce and industries department in Bangalore.
   The government has named the proposed Bangalore-Mumbai industrial corridor as Suvarna Karnataka industrial corridor. The corridor, connecting from Chennai, will be set up on the lines of the Mumbai-Delhi industrial corridor. Propelled by the Centre showing interest on the CBM corridor, for which a feasibility report is being conducted, CM Yeddyurappa said the proposed CBM corridor will have 8-lane roads: Bidar-Bangalore via Chitradurga; Tumkur-Honnavar via Shimoga; Chitradurga-Mangalore via Shimoga-Udupi; Bangalore-Belgaum via Davangare-Hubli. For that, the government has earmarked Rs 10 crore.

INDUSTRIAL ZONES

Based on merits of each district, the government has proposed to develop six special industrial zones on PPP model.
A steel zone will be set up in Bellary, Koppal, Raichur, Bagalkot, Haveri and Gadag districts. A cement zone will be set up in Gulbarga, Bagalkot, Chitradurga and Belgaum districts. A food zone will be established in Bangalore Rural, Kolar, Shimoga, Bagalkot, Bijapur and Davangere districts. An IT/BT zone will be established in Mysore, Mangalore, Hubli-Dharwad, Belgaum, Shimoga and Gulbarga. An automobile zone will be set up in Ramanagaram, Shimoga and Hubli-Dharwad; Bangalore Rural, Tumkur, Kolar, Mandya, Belgaum and Bidar.
In the next one year, the Karnataka Industrial Area Development Board (KIADB), the nodal agency for industrial development in the state, will spend Rs 500 crore for the purpose.