Yadgir to Get 45 Project Proposals Worth Rs. 13,500 Crore.

The state government will be making all out efforts at Invest Karnataka 2016 to encourage investors to move away from Bengaluru and give impetus to tier-II and tier-III cities.

Three new industrial townships have been planned in Chitradurga-Davangere, Hubballi-Dharwad and Belagavi along the Bengaluru Mumbai Industrial Corridor.

The government has acquired 3,232 acres for the development of an integrated Industrial park at Kadechur in Yadgir.

Of the 3,232 acres, 1,000 acres will be used to set up a textile park and 500 acres have been reserved for pharmaceutical industries.

So far the Yadgir industrial park has generated a large amount of interest amongst investors.

The government has approved more than 45 project proposals worth about Rs. 13,500 crore, a release said.

Development work has begun at the industrial area.

The construction of the textile park, in the most backward region of the state, is likely to improve the condition of cotton growers and weavers besides generating employment for a large number of people, it added.

The investment at Yadgir is likely to create 12,145 jobs in the state.

Karnataka has also proposed to set up a hi-tech textile-training centre in Bandalli village in Yadgir. The proposed training centre will be set up on five acres with an investment of about Rs. 10 crore.

THE NEW INDIAN EXPRESS