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 kind which has been set up in a association with the Department of Heavy Industries. Tumakuru also houses a Japanese industrial township and we have recently received a request to set up a Taiwanese Industrial township in the region," Shettar said.