Tumakuru industrial node on CBIC will boost FDI in the region: Karnataka Govt
December 31, 2020
The Cabinet Committee on Economic Affairs had on Wednesday approved construction of two industrial nodes on the CBIC - SR Raghunathan
The Cabinet Committee on Economic Affairs had on Wednesday approved construction of two industrial nodes on the CBIC - SR Raghunathan×
It will help generate over 88,500 jobs and support development of the region Welcoming the Centre clearing the plan for a ₹1,701.81-crore Tumakuru Industrial Area node on the Chennai-Bengaluru Industrial Corridor, Jagdish Shettar, Karnataka Minister for Large & Medium Scale Industries said the corridor is expected to boost the employment and economic opportunities in the region.
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AAA The Union government has cleared a fund of ₹1,701.81 crore for the Tumakuru Industrial Area, under the Chennai-Bengaluru Industrial Corridor (CBIC) project, which is expected to create jobs for 88,500 people.
The Cabinet Committee on Economic Affairs, chaired by Prime Minister Narendra Modi, has approved the Department of Promotion of Industry and Internal Trade proposals for building the Tumakuru Industrial Area.
Responding to the development, Jagadish Shettar, Minister for Large and Medium Scale Industries, said on Thursday that this landmark decision would boost the employment and economic opportunities in the southern region. “This investment will also act as a catalyst to attract more FDI and ensure the overall development of Tumakuru and surrounding districts,” he said.
Former Chief Minister of Karnataka, Jagadish Shettar (file photo)
Karnataka Industries Minister greets CCEA s nod to clear Rs 1,701.81 cr for Tumakuru industrial area ANI | Updated: Dec 31, 2020 22:53 IST
Bengaluru (Karnataka) [India], December 31 (ANI): Industries Minister Jagadish Shettar Thursday welcomed the decision of the Cabinet Committee on Economic Affairs (CCEA) to clear 1701.81 crores for the Tumakuru industrial area under the Chennai-Bengaluru Industrial Corridor (CBIC) project.
Shettar in a letter addressed to Prime Minister Narendra Modi stated that he is extremely delighted to hear that the Tumakuru node has been approved for development under the Chennai-Bengaluru Industrial Corridor (CBIC) Tumakuru, being in close proximity to Bengaluru possesses a high potential for industrial development. The region has received immense interest from several foreign and domestic investors. The Machine Tool Park in Tumakuru is one of a ki
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The Union Cabinet, chaired by Prime Minister Narendra Modi, on Wednesday approved industrial corridor nodes at Krishnapatnam and Tumakuru under CBIC. Multi-Modal Logistics Hub and Multi Modal Transport Hub (MMTH) at Greater Noida have also been approved, announced Union Minister Prakash Javadekar at a press briefing.