Karnataka earmarks 520-acres on CBIC to lure Japanese investments
January 18, 2021
Karnataka Chief Minister BS Yediyurappa - V Sreenivasa Murthy×
The Karnataka government has earmarked over 520 acres to set up Japanese Industrial Township near Tumakuru.
Gunjan Krishna, Commissioner for Industrial Development and Director, Department of Industries & Commerce tweeted today “I welcome our partners from #Japan to Karnataka! #JapaneseIndustrialTownship will open up multiple investment and employment opportunities in the state.”
A senior official from the State Industries and Commerce Department said, “There are over 500 Japanese companies in India, and Karnataka is home to one of the largest clusters for companies from Japan. The industrial township coming up near Tumakuru will encourage investments and create employment on a large scale.”
‘Among others, mining, electric mobility, and IT are potential areas for collaboration’
Minister for Industries and Commerce Mekapati Goutham Reddy has exhorted senior officials of the Government of Western Australia (GoWA) and its trade representatives to explore the opportunities in Andhra Pradesh and become a partner in its growth.
Mining, electric vehicles and battery technology, infrastructure and financing, textiles and apparel, higher and vocational education, and training and skill development are some of the potential areas for collaboration, the Minister has suggested.
Growth engine
Addressing a virtual summit on ‘Western Australia turning to India: Investing in its future’, jointly organised by the GoWA and the Indo-Australian Chamber of Commerce (IACC) on Thursday, Mr. Goutham Reddy said the State identified mining as one of its growth engines and issued 380 leases for major minerals, 1,735 quarry leases for cut and dressed blocks of granites, 1,083 quarry l
Tumakuru Industrial Corridor big economic boost for Anantapur
Updated Jan 2, 2021, 12:55 pm IST
The proposed location is 42 km from the Andhra Pradesh-Karnataka border and 48 km by National Highway 48
The Karnataka government had already marked out the Vasanthanarasapura in Tumakuru as a major industrial hub as part of the Chennai-Bengaluru industrial corridor. (Representational Image:PTI)
ANANTAPUR: The newly sanctioned Industrial Corridor in Tumkur district of Karnataka would be a big boost for border areas of Anantapur district too. The proposed location is 42 km from the Andhra Pradesh-Karnataka border and 48 km by National Highway 48.
The Centre recently announced the establishment of three major industrial corridors including Krishnapatnam in Nellore district Rs 2,139.44 crore and Tumakuru in Karnataka at Rs 1,701.81 crore.
Centre allocates funds for CBIC japanherald.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from japanherald.com Daily Mail and Mail on Sunday newspapers.
New Year gift to Karnataka: Centre clears Rs 1702 cr for Tumakuru industrial node
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Last Updated: Dec 31, 2020, 07:30 PM IST
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Synopsis
The Centre has approved funding support of Rs 1702 crore to Karnataka to develop Tumakuru node as the next big industrial hub in what top officials described as a New Year gift to the state.
The Centre has approved funding support of Rs 1702 crore to Karnataka to develop Tumakuru node as the next big industrial hub in what top officials described as a New Year gift to the state. Vasantha Narasapura industrial hub and its extensions under development form part of the Tumakuru industrial node. The area is about a two-hour drive from Bengaluru.