Global investors' meet in June

Global investors' meet in June

Major and Medium Industries Minister Murgesh Nirani on Monday said the two-day meeting will be held in Palace Grounds. The GIM had to be postponed twice during the last six months due to various reasons -- once due to the global slowdown and later due to devastating floods in north Karnataka.

Nirani said the government is confident of attracting investments to the tune of Rs two lakh crore during the GIM.

Meanwhile, the government is taking steps to create a land bank of 50,000 acres for industrial purposes in various districts of the State. As part of Phase I of the process, as many 30,000 acres are in the final stage of notification and the rest in the preliminary notification phase, he added.

Steel plant

Nirani said Arcelor Mittal will finalise the location for setting up its Rs 30,000-crore steel plant in the State within a month.

A team from the company had visited Bagalkot, Bijapur, Koppal, Bellary and Dharwad to finalise the location. The plant will come up in 4,000 acres near a site that has abundant mineral reserves including iron ore.

Oil and Gas pipeline

Meanwhile Reliance Logistics Infrastructure Limited has proposed to lay pipeline to transport petroleum products both liquid and gases from Bangalore to Mangalore with an investment of Rs 2,500 crore.

The project will be placed before the next State High-Level Clearance Committee headed by the Chief Minister next month. Nirani said Kaigarika Adalats will be held at the headquaters in the four divisions of the State as per the schedule: January 4 and 5 - Bangalore;  Jan 6 - Mysore; Jan 8 - Gulbaraga and Jan 12 -  Belgaum. Earlier in the day, Nirani held a review meeting with top officials of the department.

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