K'taka Govt.to create Infrastructure upgradation fund with Rs 500 Cr

Bangalore, June 4 (UNI) The Karnataka Government has decided to create an Infrastructure Upgradtation Fund with Rs 500 crore for one time upgradation of infrastructure facilities in 157 industrial estates across the State, Karnataka State Industrial Infrastructure Development Corporation (KSIIDC) Managing Director Azeezulla Baig said today.

Participating in an interactive meeting organised by Federation of Karnataka Chamber of Commerce and Industry (FKCCI) here, he said that an action plan has been drawn to complete the task of upgradation and submitted to the state government.

Mr Baig said that the government would provide Rs 100 crore each year in the next five years for this purpose. KSIIDC would act as nodal agency to take up the project. A sub-committee consisting representatives from industrial bodies, local authorities and the government has been constituted for the purpose.

The upgradation would also be taken up in those industrial areas which are already handed over to local civil authorities. "New weightage for the upgradation project will be given to those industrial areas which comes in backward North Karnataka district.

He said KSIIDC also had identified about 1100 acres of government land recovered from encroachers in Bangalore district for releasing it for industrial purposes. The land identified in and around Bangalore are located at Anekal, Hoskote, Bangalore South and North and east taluks, he added.

The KSIIDC also has plans to develop model townships with civic amenities and industrial sheds and estates. It has also released Rs 42 crore to Karnataka Industrial Infrastructure Development Board (KIIDB) to acquire land for setting up of new industrial areas in and around Bangalore.

UNI