Industrial park to come up in Chamarajanagar district.

To attract investments in the border district of Chamarajangar, one of the most backward districts of Karnataka, the government has decided to develop a new industrial park on 1,595 acres of land.

Chief Minister Siddaramaiah will lay the foundation stone for the park on June 23 in the presence of industrial leaders of Karnataka and Tamil Nadu. Minister for Cooperation and Sugar H.S. Mahadev Prasad, who is in charge of Chamarajangar district, told presspersons here on Thursday that about 300 investors had evinced interest in investing Rs. 12,000 crore during a road show conducted by the State government in association with Coimbatore district industries association and the Federation of Karnataka Chambers of Commerce and Industry about 18 months ago.

About Rs. 400 crore would be spent on creating infrastructure such as roads, water and power supply, and drainage system.

A notification has been issued to acquire 1,595 acres at Badanaguppe and Kellamballi villages in the district. Of the total 1,595 acres, 1,200 acres is private land and 394.20 acres government land. So far, 53.08 acres had been handed over Karnataka Industrial Areas Development Board.

A sum of Rs. 175 crore had been spent on providing compensation to farmers whose land had been acquired, at the rate of Rs. 20 lakh an acre.

Most of the entrepreneurs in granite, textiles, leather, automobile, and agro and food processing business had shown interest in investing at the park, Mr. Prasad said.

It is expected to attract investments of Rs. 12,000 cr.


THE HINDU