Karnataka Budget: Top 18 Highlights Related To Infrastructure

Karnataka Chief Minister B S Yediyurappa in his recently announced budget allocated resources for the establishment and development of various infrastructural projects in the state.

Here is all you need to know about the budgetary provisions aimed at boosting investment and industry in Karnataka:

1. Establishment of ‘Food Park’ under the Atmanirbhar Bharat scheme in Ittangihal village of Vijayapura district which will provide opportunities to establish agro-startups and small and medium industries, and will encourage the processing of local products.

2. ‘Horticultural Technological Park’ will be developed in Sirivara village of Koppal Taluk to extend assistance for the economic development of horticulturists by imparting quality training and introducing new innovations and technology.

3. A ‘Theme Park’ will be established on 100 acres in Hesaraghatta of Bengaluru with private partnership to provide information and training with permanent exhibition and demonstration of native livestock, breeds of sheep/goats and poultry breeds.

4. A ‘Bulk Drug Park’ will be developed having world class infrastructure at a cost of Rs.1,478 crore with the assistance of Central Government in 1,500 acres of industrial land at Kadechuru industrial area in Yadgir district.

5. A ‘Plastic Park’ will be developed with the assistance of Central government at a project expenditure of Rs.66 crore on 100 acres at Ganjimath in Mangaluru to encourage plastic and petro-chemicals in districts.

6. A ‘Textile Park’ will be established with public-private partnership in Guledagudda town of Badami taluka of Bagalkote district for encouraging livelihood and creation of employment at the local level to stop seasonal migration.

7. Establishment of a ‘Smart Handloom Design Studio’ with public-private partnership in North Karnataka to create awareness for handloom weavers of the state about the latest designs and to increase the demand for their products and their income.

8. KREDL has proposed to establish a ‘500 MW Solar Power Park’ on 1,551 acres owned by Power Company of Karnataka Ltd. (PCKL) at Firozabad in Kalaburgi Taluk through private developers for sale of energy outside the State through Inter State Transmission System (ISTS) network.

9. To encourage quantum computing and related technologies, a ‘Research Park’ will be established with an expenditure of Rs.10 crore.

10. The Karnataka State Industrial and Infrastructure Development Corporation (KSIIDC) has proposed to construct ‘Bengaluru Signature Business Park’ of international standards next to Kempegowda International Airport. The development of trunk infrastructure of this project is already on at a cost of Rs.168 crore.

11. An ‘Integrated Theme Park’ will be constructed on the downstream of Kabini reservoir in Mysuru District by Kaveri Niravari Nigama at an expenditure of Rs.50 crore with Public - Private Partnership.

12. It is proposed to develop an ‘Eco-tourism Park’ on 1,000 acres in Tadadi on public private partnership model.

13. Memorial Parks in honour of Shri Shri Shri Shivakumara Swamiji at Tumakuru and Pejawara Shri Vishwesha Theertha Shripada at Udupi at an expenditure of Rs 2 crore each.

14. An agricultural implements production cluster is being developed in Bidar to encourage the mechanisation of agriculture. A special incentive package on the lines of already established clusters to the industries coming up in this cluster.

15. ‘Kolhapuri Footwear Cluster’ in Nippani of Belagavi district and an extension centre of Central Footwear Training Institute in Chitradurga town will be started.

16. Chief Minister Mega Integrated Industrial Townships will be established in both the Bengaluru–Mumbai and Bengaluru-Chennai industrial corridors on a minimum of 500 acres at each of the places utilising the available opportunities.

It will be developed with public–private partnership in collaboration with Karnataka State Industrial and Infrastructure Development Corporation and Karnataka State Small Industries Development Corporation, will attract investment of Rs.10,000 crore in the next three years with an expectation of creating employment opportunities for five lakh people.

17. An ‘Industrial Township’ will be established in Peenya to attract manufacturing in the state. Necessary infrastructure will be developed here at an expenditure of Rs.100 crore.

18. To encourage the establishment of industries in the state, it is proposed to have a new slab in property tax separately for industries in urban local bodies.