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.
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.