Dharwad: The state government has started a new industrial policy that focuses on developing the Bengaluru-Mumbai industrial corridor.
This corridor passes Dharwad.
Because this district has a large scope for large players to establish their plants here, 5,200 hectares of land are being obtained for that purpose.
With this, Dharwad will be redesigned as one of the largest industrial clusters and will open abundant opportunities for young people to get a job.
Some industries have expressed interest in establishing their units here.
Belur, Mummigatti and Kotur are the most preferred goals for industrialists and units that are being established at almost 1,050 hectares.
Former Industrial Minister Jagadish Shettar told TI on Wednesday that he had given the new minister Murugesh Nirani about the need to advance proposals and ensure the promised investment was realized.
Meanwhile, Aequs Sez Private Limited is developing consumer electronics and durable goods clusters (CEDG) in 350 hectares in the area of ​​Itigatti-Gamanagatti between Hubballi and Dharwad, with an investment of RS 3,524 Crore, and will create around 20,000 jobs.
Cluster has a special economic zone status and provides plug-and-play infrastructure to other companies, both domestically and foreign.
82 units tend to be arranged here.
Bhoomi Puja for Sez is scheduled to be held on August 16.
“With a long-lasting cluster of Hubballi consumers, AEQUs lead Indian recording into global scale manufacturing facilities for household appliances, cookware etc.
for sale in India and sold in India and sold in India and sold in India and sold in India and the rest The world.
This one-stop industrial ecosystem promises the shortest commercial-to-commercial pregnancy manufacturer, “said an industrial department official.
Shettar said the high-level high-power committee had cleared the project in 2020.
Minister of Parliament Pralhad Joshi said the project would be the first-specific investment in the country and would be in line with the planned Atmanirbhar Bharat PM Narendra Modi.
Shettar said UFLEX based in Noida, the largest multinational packaging company in India, will produce flexible packaging films in around 50 hectares in Mummigatti, on the outskirts of Dharwad.
The company will invest around Rs 1,464 Crore and operate throughout South India from here.
Apart from concessions and subsidies in new industrial policies and SEZ norms, the state government has extended more benefits to AEQ, such as 25% of capital investment subsidies and 20% for other companies investing there, in addition to delaying land payments.
The land was acquired by the Karnataka Industrial Area Development Agency, has been offered at the level of concession.