Apply For FDI

INQUIRY


captcha
Fraud Warning Disclaimer : FDI India warns you against certain individuals that might falsely present themselves as our affiliate agents, representatives, or employees. Under this false pretence, they might try to gain access to your personal information or to acquire money as Consultation fee or any other form or other valuables from you by offering fictitious employment opportunities or by claiming that they are contacting you on our behalf. Don’t fall prey into the fraudulent misrepresentation. Such fraudulent claims and offers are received generally via email, text message, phone, or internet, etc.

FDI India would like to bring to your notice that our authorized official Email ID is inquiry@fdi.finance, . FDI India shall not be liable for any claims, damage, or loss of any kind inflicted by any other unauthorized entity. Be very mindful of such scams.
Legal : We own all the information, images, text, logo, and other content provided by us. The use of information is strictly prohibited without our consent. We hold the right to take a legal action against any individual or organization violating or using our site information.
Become A Partner Apply For FDI
Fdi India news

New Industrial Areas to be Set Up in Eight Districts: Karnataka Minister

    16 February , 2022         Fdiindia

New Industrial Areas to be Set Up in Eight Districts: Karnataka Minister

Large and Medium Industries Minister Murugesh Nirani said that the Karnataka Industrial Area Development Board (KIADB) will take industrial growth beyond Bengaluru by developing new industrial areas in eight districts.

“KIADB is planning to develop new industrial areas in 2022-23....KIADB will develop Harohalli 5th phase in Ramanagara, Gauribidanur 3rd phase in Chikkaballapura, Madhugiri industrial area in Tumakuru, Jakkasandra 2nd phase in Kolar, Kuduragundi industrial area in Mandya, Arasikere industrial area in Hassan, Kadechur 2nd phase in Yadgir and Obalapura industrial area in Bengaluru rural,” said the minister while replying to a query in the Legislative Council.

He further added that KIADB has developed 188 industrial areas in Karnataka so far. The basic infrastructure facilities of these areas are in good condition.

“Karnataka attracted ?1,02,866 crore investments and remained top FDI recipient in India with 46 per cent share in April-September 2021 fiscal. We are one of the top FDI recipients among the major states during COVID-19 pandemic,” he said.

“We have implemented Industrial Policy 2020-25 with an aim to attract more foreign investments and push industrial growth in the state. Those who make more than ?500 crore investments will get special incentives,” Nirani further added.

The minister further added that the government has allotted Rs. 525 crore under the Critical Infrastructure Development Scheme to enhance infrastructure amenities in the old industrial areas.

Karnataka has attracted foreign direct investments (FDI) worth Rs. 1.6 lakh crore in the current financial year, which is more than half of the total overseas investments in the country.

The primary areas that attracted FDI in the state include healthcare, electronics, food processing, aerospace and defense, manufacturing, hospitality, etc.


READ ALSO:

Ten Percent of Issue Size to be Reserved for Policyholders, Embedded Value at Rs. 5.4 lakh crore: LIC IPO

Seizure Order of Funds Worth Rs. 288 crore Issued by FEMA Authority Against Chinese-owned NBFC