Government has already held two rounds of meetings with owners in Delhi: Aravind Bellad

Hero Motocorp, a leading two-wheeler manufacturer in India, is likely to set up a production unit here.
Aravind Bellad, MLA, told presspersons here on Saturday that the government had already held two rounds of meetings, and the project is likely to get the green signal during the winter session of the State Legislature to be held in Belgaum in November.
The high-level meeting with officials and owners of Hero Motorcorp was held in New Delhi, and officials had expressed eagerness to set up a two-wheeler manufacturing unit in Dharwad. This unit will come up in 500 acres in Mummigatti near here. Company officials have stated that Rs. 1,200 crore would be the direct investment, with Rs. 800 crore as ancillaries, bringing the total investment for this mega plant to Rs. 2,000 crore.
They also revealed that this plant would create 5,000 jobs, a number which will be increased to 40,000 jobs in a phased manner. The unit would manufacture 1.5 million two-wheelers and their parts; a testing track will also be set up.
Mr. Bellad said Hero Motocorp would hold meeting with the Chief Secretary in Bangalore to discuss their wishlist.
The company had approached the government last year, however, discussions could not be completed and hence the project had taken a backseat. Now, this project has once again gained momentum, and there are all possibilities of making it a reality during the winter session.
To a query, he said the company had demanded 500 acres, as well as water and power facilities.
The Karnataka Industrial Area Development Board has the land in its possession and the government in principle has assured of providing other facilities. He clarified the company had not asked for the creation of a township, but he would pressure the government to grant other basic facilities.
The area from Belur to Hubli airport is being transformed into a high-economy zone. The establishment of this mega plant would be the first step towards that goal, Mr. Bellad said.
Officials have been asked to give priority to local talent during recruitment. Besides, optimum salary would be given to the local youth, he said.