Swami Bengaluru - State clears land for 45 SEZs : Bangalore

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State clears land for 45 SEZs : Bangalore

Written by amith
14 June 2008
The state government formally approved more than 2,400 hectres of land for setting up 45 special economic zones (SEZs) in Karnataka expected to bring in total investment of over Rs 24,000 crore. The approved SEZs include 33 IT/ITeS companies with investment worth over Rs 18,000 crore. On Friday, major and medium industries minister Murgesh R Nirani said the approved SEZs could generate 10 lakh jobs in the next few years. Nirani, who owns two cement units and a sugar factory in Bagalkot district, said: “As an industrialist, I am aware of investors’ problems. This government wants to create an investor-friendly climate in the state.’’ Investment to the tune of Rs 3,384 crore and earmarking 112 hectres exclusively for airport-based SEZ has been formally approved. Sector-specific product SEZs contribute Rs 1,824 crore and hardware and BT SEZs Rs 633 crore and Rs 750 crore respectively. The Centre, which gives in-principle approvals for all SEZs in the country, has given its nod to only 8 SEZs in Karnataka having total investments of Rs 20,220 crore, including Rs 400 crore from the IT/ITeS sectors. Nirani said the government, without going in for acquisition of fertile land, will seek the consent of the farmers before developing a SEZ. “Of the developed land, about 20% will be given to farmers, besides employment to one member from the family,’’ he said. Proposed seven exclusive industrial zones Steel zone — Bellary, Koppal, Raichur district Cement zone — Bagalkot, Bijapur, Gulbarga, Bijapur Food processing zone — Shimoga, Mysore, Bijapur, Bagalkot, Kolar, Bangalore Rural IT/ BT zone — Mangalore, Mysore, Hubli-Dharwad, Belgaum Automobile zone — Dharwad and Bangalore Readymade garment zone — Bangalore, Bellary and Mysore Petroleum, chemicals and petrochemicals complex — Mangalore and Udupi In-principle nod for Nandagudi Major and medium industries minister Murgesh R Nirani said that the government has given in principle approval for the Nandagudi SEZ, but its promoters have to acquire land. Keeping regional interests in mind and also to focus on the rapid development of backward areas, Nirani said the government proposed setting up of seven exclusive industrial zones to promote industries in steel, cement, food processing, IT/BT, petrochemicals, automobile and readymade garments. ! User reviews There are no user reviews for this item. To write a review please register or login.