<p>In an effort to drive investments towards tier II cities, the State government has drawn up a policy to henceforth restrict Bangalore for only ‘knowledge’ based and research projects.<br /><br /></p>.<p>Principal Secretary for Commerce and Industries, M N Vidyashankar told Deccan Herald that the department is pushing proposals related to manufacturing sector to north Karnataka districts to correct skewed industrial development in the State.<br /><br />Accordingly, the department has claimed that more and more investors are coming forth to set up manufacturing plants in the industrial areas of Dharwad, Belgaum and Gulbarga.<br />However, according to the information available with Commerce and Industries department, several projects, previously, which were ‘hopeful’ taking off in these tier-II cities, have failed.<br /><br /> The department, in a written statement to the Legislative Council stated that 50 per cent or more of the units in Bidar and Gulbarga had failed to take off. <br /><br />Vidyashankar said the primary reason for the closure of industries was on account of them becoming sick. However, he added that it cannot be inferred that tier-II cities are unviable for investments.<br /><br />“In Bangalore too, there have been several industries in Peenya industrial area becoming sick and closing down. It is not restricted to only tier-II cities,” he said.<br /><br />He said infrastructure wise, both Dharwad and Belgaum have sufficient water supply for its industrial areas. “As far as Gulbarga is considered, we will draw water from the Krishna,” he added.<br /><br />In Bangalore, one of the largest foreign direct investment has come with Saudi Arabia-based petrochemical company, Sabic, pumping 100 million US dollars for their research centre.<br /><br /> Saudi Prince, Saud bin Abdullah bin Thenayana Al-Saud, symbolically unveiled the Rs 62-crore technology centre, earlier last week. Vidyashankar said the government has shown Sabic four locations within Bangalore for setting up their R and D facility.</p>
<p>In an effort to drive investments towards tier II cities, the State government has drawn up a policy to henceforth restrict Bangalore for only ‘knowledge’ based and research projects.<br /><br /></p>.<p>Principal Secretary for Commerce and Industries, M N Vidyashankar told Deccan Herald that the department is pushing proposals related to manufacturing sector to north Karnataka districts to correct skewed industrial development in the State.<br /><br />Accordingly, the department has claimed that more and more investors are coming forth to set up manufacturing plants in the industrial areas of Dharwad, Belgaum and Gulbarga.<br />However, according to the information available with Commerce and Industries department, several projects, previously, which were ‘hopeful’ taking off in these tier-II cities, have failed.<br /><br /> The department, in a written statement to the Legislative Council stated that 50 per cent or more of the units in Bidar and Gulbarga had failed to take off. <br /><br />Vidyashankar said the primary reason for the closure of industries was on account of them becoming sick. However, he added that it cannot be inferred that tier-II cities are unviable for investments.<br /><br />“In Bangalore too, there have been several industries in Peenya industrial area becoming sick and closing down. It is not restricted to only tier-II cities,” he said.<br /><br />He said infrastructure wise, both Dharwad and Belgaum have sufficient water supply for its industrial areas. “As far as Gulbarga is considered, we will draw water from the Krishna,” he added.<br /><br />In Bangalore, one of the largest foreign direct investment has come with Saudi Arabia-based petrochemical company, Sabic, pumping 100 million US dollars for their research centre.<br /><br /> Saudi Prince, Saud bin Abdullah bin Thenayana Al-Saud, symbolically unveiled the Rs 62-crore technology centre, earlier last week. Vidyashankar said the government has shown Sabic four locations within Bangalore for setting up their R and D facility.</p>
