Clearance for SEZ near Hubli may be given soon

Source: The Hindu

The Union Government is considering giving clearance for the setting up of a special economic zone (SEZ) on information technology and IT-enabled services at Gamanagatti near Hubli.

Assurance given

An assurance in this regard has been given by Union Minister of Commerce and Industry Anand Sharma when Dharwad MP Pralhad Joshi met him in New Delhi recently.

In a release issued here, Mr. Joshi said that the Union Minister gave this assurance when they met during the budget session recently.

It might be recalled that the Karnataka Industrial Areas Development Board (KIADB) is developing 12.15 hectares of land at Gamanagatti for a SEZ.

Mr. Joshi said that the proposal had been pending before the Union Government for the last two years.

He said that the SEZ Board of Approval of the Union Ministry of Commerce had approved the proposal at its meeting held on May 31, 2011. However, the Home Ministry's approval was essential and therefore the final approval was getting delayed.

He said that he had requested Mr. Sharma to exempt the SEZ in Hubli from getting approval from the Home Ministry and Mr. Sharma had assured him that he would issue the notification approving the SEZ soon.

Karnataka clears industrial projects worth over Rs 49,000 cr

Sorce: http://mangalorean.com/news.php?newstype=local&newsid=71417

Bangalore March 18, 2008: Karnataka's High Level Clearance Committee today approved 28 proposals to set up new industries involving an investment of Rs 49,054.89 crore.
The areas of investment are in IT, cement, steel, education and electronics, a release by the Governor's Secretariat said.

The industrial units after commissioning would generate employment to 4.19 lakh people, the release said.

The investments are being made in tier II cities, including Hiriyur, Gulbarga, Mysore, Mangalore, Muddebihal, Gamanagatti, Hospet, Hassan, Afzalpur, Yadgir, Kunigal, Koppal, Sandur, Haveri in addition to some in Bangalore rural district.

The projects included an airport-based multi-product special economic zone at an investment of Rs 3,384.65 crore to be established by the Bangalore International Airport Ltd, which has built the new airport in Devanahally here.

Limitless Properties Ltd has got the approval for setting up a multi-product SEZ in Hiriyur in Chitradurga district at an investment of Rs 4,164.40 crore.

R M Steels Ltd will be setting up a Rs 15,700 crore integrated steel plant in Koppal while XINDIA Steels a similar plant in the same district with an investment of Rs 8,735 crore, the release said.