Wednesday, October 1, 2025
spot_img

Karnataka to set up industrial hubs in state’s northern region

spot_img
- Advertisement -

IANS | Karnataka plans to set up industrial hubs in five districts across the state’s northern region to ensure regional balance and uniform development, said state Industries Minister Jagadish Shettar on Wednesday.

“The industrial hubs or clusters will be set up in Bidar, Kalaburagi, Koppal, Raichur, and Yadgir districts in the northern region to facilitate investments in diverse sectors and create hundreds of jobs,” Shettar told reporters here.

For instance, a toy cluster is being set up in Koppal district with Rs 5,000 crore investment for making toys for domestic and export markets and create about 10,000 jobs when it is commissioned.

“As part of our new industrial policy (2020-24), we want industries in and around Bengaluru to expand their operations in tier-2 and tier-3 cities across the state, especially in the five northern districts of ‘Kaushalya’ Karnataka,” said Shettar.

With airports at Bidar and Kalaburagi in the region connected to Bengaluru, Hubli, and Belagavi across the state and Hyderabad in Telangana, Shettar said air, rail, and road connectivity would promote rapid growth of industries in the five districts, which have been lagging behind in economic development.

“Facilities are being created to form a pharmaceutical cluster in about 1,000 acres of land in Yadgir’s Kadechur industrial area, where approvals have been given to 62 companies to collectively invest Rs 2,531 crore,” said Shettar.

Referring to Rs 3 lakh crore economic package that Union Finance Minister Nirmala Sitharaman announced recently to revive industries hit hard by the Covid pandemic, the minister said the state government had waived power bills of small, micro, and medium enterprises (MSMEs) in the state for three months.

spot_img

Editorial

Why TCS Deferred FY25 Salary Hike: Better Hike Ahead?

TCS had initially announced its annual salary hike during...

Deloitte, PWC, EY, KPMG to Hire 1 Lakh People in India in FY25

According to estimates from top company officials and industry...

Higher EPS Pension Application Stuck: A Step-by-Step Guide to Fix

Nearly 97,640 Provident Fund (PF) members and pensioners under...

Employee Benefits at India’s Big 4 Firms Deloitte, PwC , EY, KPMG

The Big 4 firms; Deloitte, PwC (PricewaterhouseCoopers), EY (Ernst...

TCS Announces 4-8% Salary Hike for FY25, Lowest in Last 4 Years

Tata Consultancy Services (TCS), India's largest IT services provider,...

Must Read

Hero MotoCorp elevates Dharm Rakshit as Head- Employee Relations

Two-wheelers manufacturer, Hero MotoCorp has elevated Dharm Rakshit as Head-...

150-200K IT/ITeS people are likely to lose their jobs

At least 150 to 200K IT/ITeS employees are likely...

The Future of Work with Generative AI and ML

Artificial Intelligence is “the ability of a digital computer or...

PwC India Sets New Course with Key Leadership Changes

PwC India has announced a significant reshuffle in its...

Sundar Pichai acknowledges “unacceptable” errors in Gemini

Sundar Pichai, CEO of Google, has acknowledged and expressed...

Cognizant eliminates 30-35% of office space in Chennai: DLF

As per the earlier report, an American multinational information...

84% business leaders across Indian Inc optimistic for growth- 2023

In a recent chief experience officer (CXO) survey conducted...

Cimpress India appoints Tripti Diwakar Verma as Head- HR

A global capability centre for Cimpress N.V., Cimpress India...

Related Articles

SightsIn Plus
SightsIn Plushttps://sightsinplus.com/
SightsIn Plus is an India’s leading high-quality people-focused monthly HR Magazine and provides up-to-date HR News, Leadership Announcements, Best HR Practices and Insights by Global CHROs, CEOs, HR Advisors, Business Managers and HR Heads on topics of interest to HR professionals. To subscribe SightsIn Plus, HR Magazine please visit- https://sightsinplus.com/subscribe/