Karnataka Govt To Set Up New Industrial Hub Near Mysore | SupportBiz


Karnataka Govt To Set Up New Industrial Hub Near Mysore

Karnataka government's single-window nodal agency, Karnataka Udyog Mitra will sign agreements with prospective investors at the Coimbatore road show and the Karnataka Chambers of Commerce and Industry (FKCCI) will hold an interactive session with stakeholders.

Bangalore, January 10: Looking to attract investments from neighbouring Tamil Nadu, the Karnataka government is planning to set up a new industrial hub at Chamarajanagar in the old Mysore region, a senior official has revealed.

"We have notified about 1,300 acres of land for acquisition at Chamarajanagar in the border district, which is closer to cities like Salem, Erode and Coimbatore in western Tamil Nadu, to develop textile and granite parks," Additional Chief Secretary M.N. Vidyashankar told reporters in Bangalore.

The industrial area will be spread across Kallabella and Badanakuppe villages in the backward district and will be developed by the state-run Karnataka Industrial Areas Development Board (KIADB), SME Times reports.

Vidyashankar further stated that the government will soon conduct roadshows in Tamil Nadu and Andhra Pradesh to woo investors to the proposed industrial hub.

The industrial area will also have Spices Park and Food Park to make full use of the rich plantation commodities and horticulture in the region. The industrial park, located 190 km from Bangalore and 40 km from Mysore across the southern Western Ghats, will be the ideal location to exploit the business opportunities of the boarder district which is rich in natural resources such as manganese, white stone, garnet, black granite and other minerals.

"The 300-acre granite park in the industrial hub has a potential to attract Rs.200 crore investment as 20 granite-processing units have already started operating and about 70 investors have shown interest to set up similar units," state Industries Commissioner M. Maheshwar Rao said.