Kgf In K’taka To Host A Mega Industrial Park Of 3,500 Acres

KGF in K’taka to host a mega industrial park of 3,500 acres

Bengaluru, Nov 30, : The Union government has given its approval for a mega-industrial park to be built on 3,500 acres of land in Kolar Gold Fields.(KGF).
Sources within the state industries department confirmed that land will soon be transferred to the state government.

 Kgf In K’taka To Host A Mega Industrial Park Of 3,500 Acres-TeluguStop.com

It is expected that it will improve the prospects of KGF and Kolar districts, a drought-prone district in Bengaluru.

Bharat Gold Mines Limited, (BGML), stopped mining at KGF two decades ago.There is a long-standing demand from the state for the allotment of land in KGF where there are no gold traces.

BGML now falls under the authority of the state government.However, the Central government still holds the title to the land.

According to the Karnataka government, a mega industrial park in KGF would attract industries from neighboring Andhra Pradesh.

Kolar district is close to Bengaluru and has the land needed to attract investment.

The state government demanded that land be allotted to establish an industrial park.

In a week, the survey work will be completed.

The price will be set once the survey report has reached the Central government.After payment, the state government will take ownership.Sources explained.

KGF is located at 90 kms from Kempegowda International Airport, Bengaluru.

It is also located between 250 and 300 km from Chennai and Krishnapatnam ports, which would be of benefit to industries in KGF.

The tenure of the former Chief Minister B.S.The proposal was advanced by Yediyurappa during the tenure of former Chief Minister B.S.During the meeting, Union Minister for Mining and Coal Pralhad Joshuai decided to conduct a survey of the KGF’s 16,000 acres for gold.The survey confirmed that gold is not present in 3,500 acres.

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Disclaimer : TeluguStop.com Editorial Team not involved in creation of this article & holds no responsibility for its content..This Article is Provided by IANS, Please contact IANS if any issues in Article .


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