Moneycontrol PRO
HomeTechnologyBeyond Bengaluru: Government to set up ready-to-use factory spaces for electronics, textile parks in north Karnataka

Beyond Bengaluru: Government to set up ready-to-use factory spaces for electronics, textile parks in north Karnataka

The proposed economic corridor between Bidar and Bengaluru will boost the development of Kalyana Karnataka, CM Siddaramaiah has said

September 17, 2024 / 12:12 IST
Karnataka CM Siddaramaiah

The Karnataka government has decided to provided ready-to-use factory spaces for the electronics sector and textile parks in state’s northern region.

“The proposed new flat-floor factory in Kalaburagi will be a significant step for the state's electronics industry, providing ready-to-use factory spaces for entrepreneurs. This will create jobs and mark the beginning of electronics manufacturing in Kalyana Karnataka,” chief minister Siddaramaiah said in Kalaburagi on September 17.

He was speaking at an event on the Kalyana Karnataka Day and the 10th anniversary of granting special status to the Hyderabad-Karnataka region.

“We are taking steps towards developing an economic corridor between Bidar and Bengaluru to boost the economic development of Kalyana Karnataka,” the CM said.

Dedicated economic corridors would provide the infrastructure needed for economic growth, he said.

Also read: Karnataka plans Bidar-Bengaluru economic corridor; feasibility study soon

The chief minister also announced the launch of a textile park in Raichur. “In addition to this, a mega textile park is being set up on 1,000 acres near Honnakiranagi-Nadi Sinnur in Kalaburagi through a public-private partnership in collaboration with the central government,” Siddaramaiah said.

A sum of Rs 50 crore has been allocated for infrastructure, which would create one lakh direct jobs and two lakh indirect jobs, he said.

In Ballari, we aim to streamline unorganised jeans industry by establishing a jeans apparel park and a common facility Center, upgrade them to world-class standards.

The CM said they have launched Udyoga Aavishkaara scheme to create jobs. “About 25,000 children are receiving skill training under this scheme, with Rs 10 crore being spent through C-DAC (Centre for Development of Advanced Computing )and the 'Industry Linkage Cell,’” he said.

Multi-skill development centres are being set up in Kalaburagi and Talakal in Koppal, with Rs 60 crore reserved for each centre to provide employment-based skills.

An advanced incubation and skill centre is being set up in Kalaburagi by the information technology and bio-technology departments, which will nurture skilled professionals and entrepreneurs to meet the growing demand in industries. Through K-Tech, it will support innovation and transform Kalaburagi into a centre of excellence and opportunity, he said.

Also, read: Bengaluru requires Rs 55,586 crore investment over next five years: Karnataka CM to 16th Finance Commission

The government also plans to establish the a Centre of Excellence focused on CNC (computerised numerical control) machines at KGTTI in Kalaburagi for Rs 16 crore.

The Kalaburagi Government (Men's) ITI Training Institute is being revitalised at Rs 20 crore.

The work on the science centre in Chittapur, Kalaburagi district would be completed this year. New science centres/planetariums would also be set up in Raichur and Yadgir to promote the growth of science and technology among students and the public,” he said.

The state government plans to develop Kalaburagi City into a smart city with an estimated investment of Rs 1,685 crore, which would improve the quality of life and also attract investment.

Also read: Karnataka: A fast-growing economy, but poorer northern districts cause of concern

Under the Mahatma Gandhi Nagar Vikas Yojana 2.0, Rs 200 crore each is provided for basic infrastructure development in the Kalaburagi and Ballari municipal corporations. Under the 'Kalyana Patha' scheme, the state government will build 1,150 km of roads in rural assembly constituencies for Rs 1,000 crore, the CM said.

"It’s been 10 years since the 371(J) Constitutional Amendment was implemented to aid Kalyana Karnataka. Between 2013-14 and 2024-25, Rs 19,778 crore was allocated to the Kalyana Karnataka Regional Development Board (KKRDB), with Rs 13,229 crore released and Rs 11,174 crore spent. Of 35,885 projects taken up, 27,264 are completed, and 8,621 are ongoing," he added.

Invite your friends and family to sign up for MC Tech 3, our daily newsletter that breaks down the biggest tech and startup stories of the day

Moneycontrol News
first published: Sep 17, 2024 11:59 am

Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!

Subscribe to Tech Newsletters

  • On Saturdays

    Find the best of Al News in one place, specially curated for you every weekend.

  • Daily-Weekdays

    Stay on top of the latest tech trends and biggest startup news.

Advisory Alert: It has come to our attention that certain individuals are representing themselves as affiliates of Moneycontrol and soliciting funds on the false promise of assured returns on their investments. We wish to reiterate that Moneycontrol does not solicit funds from investors and neither does it promise any assured returns. In case you are approached by anyone making such claims, please write to us at grievanceofficer@nw18.com or call on 02268882347