Picture for representational purpose only.
HUBBALLI: Due to the economy recovering, the ministry of industries of the state, has received and approved proposals for 4 factories, that will invest Rs 543 crore and create 540 jobs. Normally, investors prefer district headquarters or nearby places to invest in, however these investors have chosen rural areas like Raibag, Athani, Ramdurg and Nippani. Industrialists welcome this development, and term it as a boost for tier-3 cities and rural areas.
Large and medium scale industries minister Jagadish Shettar said that the proposals were approved as per Prime Minister Narendra Modi’s vision of ‘vocal for local’.
“As part of enabling ‘ease of doing business’ in Karnataka, we are ensuring speedy approval of proposals. Now we have approved 4 industries, to invest Rs 543.8 crore, in rural areas in Belagavi. With this, we are showcasing that the state has good potential in rural areas also,” he said.