Karnataka to acquire 50,000 acres of land for industries ahead of Global Investors Meet in November
Bengaluru, May 7: In an effort to allot land in quick time to industrialists who come forward to set up industries, the Karnataka government will acquire over 50,000 acres of land across the state, Large and Medium Industries Minister Dr Murugesh Nirani announced on Saturday after inaugurating the India Manufacturing Show 2022: Curtain Raiser here.
Stressing on the importance of land acquisition ahead of the upcoming Global Investors Meet (GIM) in Bengaluru, Nirani said it is imperative on the part of the government to acquire land for investors.
"Silicon city Bengaluru will host the Global Investors Meet from November 2 to 4 this year. Our department will acquire 50,000 acres of land across the state. We will allot land to industrialists in real quick time and provide world-class facilities including water, power and roads," the minister's office quoted him as saying in a statement.
Setting up more industries will help create additional jobs for local people and solve unemployment problem in the state, Nirani said.
Emphasising on taking industrial growth beyond Bengaluru, Nirani said industries will be promoted in Tier-2 and Tier-3 cities.
"We will encourage industries in Tier-2 and Tier-3 cities under the central government's Aatmanirbhar Bharat scheme. Besides, our government will also implement 'One District, One Product' policy soon which will help identify and promote a product in each district," Nirani said.
The industrialists involved in these products can get up to Rs 10 lakh per unit as credit-linked capital subsidy for 35 per cent of project cost, Nirani suggested.
Pointing out another government initiative to encourage balanced industrialisation across the state, the minister mentioned special sops for cluster-based industrial parks.
"We have announced special concessions for each industrial cluster. The toy cluster in Koppal has already started functioning with all the support required for this cluster, including social and housing facilities," Nirani added.
The minister said the government has prepared guidelines briefing investment opportunities available for investors in the various sectors including automobile, pharmacy, medical equipment, engineering, machineries, knowledge-based industries, logistics, renewable energy, aerospace, defence and electric vehicles.
Let the Truth be known. If you read VB and like VB, please be a VB Supporter and Help us deliver the Truth to one and all.
US VP JD Vance says Lebanon not part of ceasefire, calls it ‘misunderstanding’
Budapest/Washington: US Vice President J D Vance has said that Lebanon was never included in the ceasefire understanding with Iran, describing the confusion as a “legitimate misunderstanding”.
Speaking to reporters before departing from Hungary, Vance said, “I think the Iranians thought that the ceasefire included Lebanon and it just didn’t. We never made that promise.”
He stressed that the United States had not included Lebanon in the scope of the ceasefire at any stage.
His remarks come amid continued Israeli strikes in Lebanon, where more than 200 people were reported killed, even as ceasefire talks between Iran and the US move forward.
Vance said Israel had “offered … to check themselves a little bit in Lebanon because they want to make sure that our negotiation is successful”.
He warned that if Iran allows the situation in Lebanon to affect the negotiations, it could derail the talks.
“If Iran wants to let this negotiation fall apart in a conflict where they were getting hammered over Lebanon, which has nothing to do with them and which the United States never once said was part of the ceasefire, that’s ultimately their choice,” he said.
