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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.
Centre is ready to develop Belekeri port in Uttar Kannada district. The Belekeri port has all the qualities to be developed as a major port on the west coast.
The exit road from Mangaluru International Airport to the city has been recently inaugurated by the Karnataka Government. The process of constructing the 1.12-km-long exit road from the terminal building of Mangaluru airport began in 2013.
The Karnataka Government has proposed to construct a 29-km tunnel route through Shiradi Ghat, between Bengaluru and coastal Karnataka at a cost of Rs 10,000 crore.
The Karnataka Government has announced an investment of Rs 2,400 crore for acquiring 1,230 acre
