Friday, June 1, 2012

Karnataka approves Rs 1,000-cr investments in logistics - One in Hubli

Source: The Hindu

Ahead of the Global Investors Meet (GIM), the Karnataka Government has cleared investments in logistics and warehouses to the tune of Rs 1,000 crore.
Also on its own, the government plans to build four Logistics Parks with a total investment of Rs 1,800 crore through private partnership route.
To facilitate development across the state, the Infrastructure Development Department has initiated moves to build Logistics Parks in Bangalore, Hassan and Hubli on public-private partnership (PPP) mode. According to a senior Infrastructure Development Department (IDD) official, the government is looking for an integrated approach by providing multi-modal/integrated logistics transport centre, warehouses, inland container depots, domestic rail head, and air cargo centres.

invites registration of interests

Logistics Parks are to come up at Harohalli Industrial Area in Bangalore with an investment of Rs 500 crore, Dabbaspet (Rs 600 crore), Hassan (Rs 350 crore) and Hubli (Rs 350 crore).
The department has invited registration of interests (RoI) from global, national companies and is open to joint ventures and consortia for development of logistics parks.
An industries department official said the projects cleared recently are Vikram Logistics and Maritime Services which is investing Rs 342.59 crore to set up logistics services at Maranaikanahally and Samanduru villages in Anekal.
The project is to come up on 120 acres of land owned by one of the directors of the company.
It is likely to give employment to 675 people. Property developer Gopalan Enterprises is to build a warehouse at Cheelur village Maralvadi hobli in Kanakapura with an investment of Rs 188 crore and offer employment to 5,000 people.
The promoters of the project have sought 104.06 acres of land.
The government has instructed project proponent to obtain consent to an extent of 70 per cent from the land owners for further assistance.
The Gurgaon-based Siddhivinayaka Farm Fresh is to set up a muti-commodity agri-cold chain network and logistic hub at Vishwanathapura near Devanahalli. The project is to come up on 11 acres on a private land at an investment of Rs 160.66 crore.
Magna Warehousing and Distribution Private Ltd with an investment of Rs 381 crore to develop spaces and infrastructure for IT offices, hotel rooms, meeting spaces and convention, shopping including food courts, restaurants, cinema, departmental stores to complement with the location at EPIP industrial areas at Hoodi Village next to Sri Sathya Sai Hospital at Whitefield.

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