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Minister for Large and Medium Industries and Infrastructure Development M.B. Patil has said that the under the revised industrial policy, industries will be required to reserve 55% of jobs for Kannadigas in Group A and B categories, while it will be 75% reservation for Group C and D categories.
Speaking to presspersons in Dharwad on Monday, Mr. Patil said that industries have accepted these conditions and the State government has set its eyes on creating more employment opportunities for local residents.
Stating that the recent Global Investors Meet (GIM) resulted in investment proposals worth ₹10 lakh crore, the Minister said that they are expecting that at least 70% of the proposals will materialise.
The Minister said that in line with the Beyond Bengaluru initiative of developing tier-2 and tier-3 cities, 75% of the proposals are directed towards seeking land outside Bengaluru with 40% of them targeted for North Karnataka.
To a query regarding the FMCG cluster in Hubballi-Dharwad which is in a limbo, the Minister admitted that there is a rise in land prices and clarified that the government has no direct control over it.
Mr. Patil said that several farmers whose land are identified for acquisition have approached courts seeking higher compensation and based on court rulings, the Karnataka Industrial Areas Development Board (KIADB) has finalised compensation rates.
He, however, clarified that despite the challenges, the department is in regular touch with FMCG companies.
Highlighting the establishment of NIDAC’s plant at Belur Industrial Area in Dharwad built at an estimated cost of ₹600 crore, Mr. Patil said that the plant is expected to generate 800 direct and 900 indirect jobs. He also said that the company has expansion plans and has set a target of creating over 4,000 jobs in the next two years.
Published - June 02, 2025 07:57 pm IST
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