No scarcity of lands for investors says Govt

By Team YS|24th Jan 2010
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The Karnataka Government has assured industrialists and entrepreneurs participating in the Global Investors’ Meet in June that they will get land for setting up industries without any difficulty. Minister for Large and Medium Industries Murugesh Nirani said that more than a lakh acres of land will acquired and layout formed all over the State. Acqusition of 50,000 acres proposed by his department would be ready by June 3. The government will take steps to ensure quality power and water for uninterrupted supply, he said after inaugurating the National Vendor Development programme and a two-day industrial exhibition at the Karnataka Small Scale Industries Association (KASSIA).

The programme was jointly organised by the Micro, Small and Medium Enterprises (MSME) Development Institute and the Department of Industries and Commerce.

The National Thermal Power Corporation will set up a 4,000 MW power plant for which water would be supplied from the Alamatti dam. In the next three years, the minister said 3,000 MW of extra power would be generated, followed by an increase of 1,000 MW every year.

Stating that no fertile lands would be acquired for special economic zones or industrial projects in the State, Mr Nirani said steps had been initiated to simplify land acquisition around Bangalore for industrial purposes.Service charge in such cases would be reduced to five per cent by the Karnataka Industrial Areas Development Board (KIADB). MSME-DI director S. Panikkassery welcomed.

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