19 firms in fray for K’taka’s industrial corridors
Nineteen leading companies that include IDBI, KPMG, Infrastructure Leasing and Financial Services Ltd (IL&FS), and the Infrastructure Development Corporation Karnataka Ltd (iDeCK) have expressed interest in providing consultancy services to Karnataka on developing the proposed industrial corridors along National Highways 4 and 17 to attract investment and create employment opportunities.
This is in response to the state government’s invitation to top consultancy firms for submitting an expression of interest to prepare a detailed project report and advice on the model to execute the new industrial corridor projects.
The industrial corridors are planned along the Chennai-Mumbai national highways via Bangalore, Davanagere, Hubli, Belgaum and Pune. Cities falling on the National Highways NH-4 and NH-17 like Bangalore to Belgaum will be developed as a major corridor and Bangalore to Bidar on NH-17, Shimoga to Davanagere and Shimoga to Mangalore. It has been planned to create industrial townships in seven sectors like steel, cement, textile, automobile, food processing, oil & chemicals and fertiliser.
Murugesh Nirani, the state’s minister for large and medium industries further added that the industrial corridors will be developed on the public-private partnership model. He said that the government would also complete the land acquisition process before holding the Global Investors Meet in Bangalore in December this year.