Focus on rural areas in north Karnataka

  • 07/06/2005

  • Hindu (New Delhi)

A meeting of the High-Level Industrial Clearance Committee, chaired by the Chief Minister, N. Dharam Singh, has cleared proposals for establishing 13 new heavy industries in the State and a five-star hotel in Bangalore. The proposals envisage an investment of Rs. 13,942.21 crores.The Minister for Industries and Infrastructure, P.G.R. Sindhia, told presspersons here on Tuesday that the new industries would create 1,98,856 jobs. A majority of the industries have been proposed in rural areas with a focus on north Karnataka. Bharati Shipyard Limited is keen to establish a shipbuilding unit at Tannirbaavi village near Bhatkal with an investment of Rs. 95 crores (1,200 jobs). Ispath Industries Limited will set up a steel plant in Raichur with an investment of Rs. 7,144 crores (3,000 jobs). It will also set up a sponge iron plant at Allanagar in Koppal district with an investment of Rs. 64.03 crores (226 jobs).