The Karnataka Government has decided to extend the network of Bangalore Metro Rail from 119 km to 300 km at `306.95 bn by adding 181 km in the third phase to reach satellites towns by 2025.
The Karnataka Government has set aside `450 mn for the construction of a new airport at Shivamogga, which is estimated to be completed within nine months. Work on the airport is expected to commence shortly and will help improve air connectivity to the region as well as to bring in industrial investments.
The Karnataka Government has recently approved the amendment of the Solar Policy 2014-21. This move will enable the setting up of small solar parks that can generate as much as 25 MW.
Following talks with the Andhra Pradesh and Telangana Government, the Centre is preparing a Detailed Project Report (DPR) on interlinking the Godavari and Cauvery rivers.
To drive an industrial development across Karnataka, the state government has approved 1,958 projects with an investment of Rs 3.5 tn. Karnataka is expected to be the first state in India in FY2018-19 in attracting such investments.
The Rs 230-bn suburban railway corridor project has been approved by the Karnataka Government. The four-corridor project has a total length of 161 km, and will have two dedicated tracks on either side of the existing railway line.
In order to drive industrial development across Karnataka, the Karnataka Government has reportedly approved 1,958 projects with an investment of Rs 3.5 trillion. Karnataka is expected to be the first state in the country in fiscal 2018-2019 in attracting such investments. These projects have the potential to create jobs for over 1 million people.
The Karnataka Government has approved six new projects worth Rs 9,048.39 crore in sectors including tourism, IT and industrial infrastructure, expected to create 35,487 jobs in the state.
Udupi Power Corporation (UPCL), a subsidiary of Adani Power, will produce an additional 1,600 MW of power at its thermal plant in Udupi by 2020. At present, the plant produces 1,200 MW of power.
The Karnataka Government and the farmers have arrived at a consensus on the price of the land to be acquired for a 400 kV power station at Yelahanka, putting to an end a seven year-old deadlock.
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