Karnataka Budget 2023: Govt to set up startup park near Bengaluru airport
Karnataka CM Bommai said a feasibility report has already been prepared for the construction of airports in Davangere and Koppal districts, and steps will be taken to commence the construction work this year.
Karnataka Chief Minister Basavaraj Bommai on Friday said a state-of-the-art startup park would be established at a cost of Rs 30 crore near Kempegowda International Airport here.
Presenting his government's last budget in the Legislative Assembly, he also said new industrial clusters will be established in nine places by Karnataka State Small Industries Development Corporation (KSSIDC).
Bommai said a feasibility report has already been prepared for the construction of airports in Davangere and Koppal districts, and steps will be taken to commence the construction work this year.
Stating that people are showing more interest in air travel mode with a view to saving time and for hassle-free travel, the Chief Minister said in this background, the government has undertaken a record number of five new airports work in Shivamogga, Vijayapura, Hassan, Raichur and Karwar districts.
Shivamogga and Vijayapura airport work will be completed this year itself, he said. Noting that administrative approval has already been given for construction of Ballari airport, the Chief Minister said, it will be developed under PPP (public private partnership) model through competitive bidding process by beginning a new tender process.
Steps have been taken for upgradation of Mysuru airport for which about Rs 320 crore has been allocated. New industrial clusters will be established in nine places by KSSIDC -- Kodkani in Uttara Kannada District, Kanagala in Belagavi, Badanaguppe in Chamarajanagara, Chitthapura in Kalaburagi, Byragondanahalli-Chikkanayakanahalli in Tumkur, Humnabad in Bidar, Raichur rural, Hoovinahipparagi in Vijayapura and Molakalmuru in Chitradurga.
In the current year, new Mega Textile Parks in Raichur, Kalaburagi, Vijayapura and Chikkamagalur districts and mini textile parks in 25 locations in the State will be established on PPP model, he said, adding that this will lead to creation of employment to nearly 25,000 people.
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.
RECOMMENDED STORIES
SBI 444-day FD vs PNB 400-day FD: Here's what general and senior citizens will get in maturity on Rs 3.5 lakh and 7 lakh investments in special FDs?
Small SIP, Big Impact: Rs 1,111 monthly SIP for 40 years, Rs 11,111 for 20 years or Rs 22,222 for 10 years, which do you think works best?
Power of Compounding: How long it will take to build Rs 5 crore corpus with Rs 5,000, Rs 10,000 and Rs 15,000 monthly investments?
SCSS vs FD: Which guaranteed return scheme will give you more quarterly income on Rs 20,00,000 investment?
05:55 PM IST