Power crisis may ease by June: CM

Power crisis may ease by June: CM

Power crisis may ease by June: CM
Chief Minister Siddaramaiah said on Saturday that the power problem in the State will be resolved by June this year.

Speaking after inaugurating the centenary celebration of the Federation of Karnataka Chambers of Commerce and Industry (FKCCI) on Saturday, he said Karnataka will get an additional 2,300 MW of power by June.  “By 2017-18, the State will be self-sufficient in production of electricity. Electricity is the basic need for any industry and hence the government is committed to resolve the issue,” he said.

The State government has organised a ‘Global Investors Meet’ in February to draw investors to Karnataka. The government hopes to attract Rs 5 lakh crore capital and to create 10 lakh job opportunities, through the meet, he added.

The government has planned industrial areas in Kittur, Yadgir, Tumakuru, Kolar, Hubballi-Dharwad and other parts for expansion of industries across the State.

The government has acquired 12,500 acres of land in Narasarajapura in Tumakuru for developing a National Investment and Manufacturing Zone, he added.

An industrial corridor between Bengaluru and Chennai and a financial corridor between Bengaluru and Mumbai will be established. The government has entered into an agreement with several institutes for skill development of the available manpower.

Siddaramaiah advised the industrialists to organise a round table conference to resolve minor issues and assured to provide financial assistance for the construction of an auditorium by FKCCI in Bengaluru. Earlier, FKCCI president Tallam R Dwarakanath said that though Bengaluru contributes a major part to the State’s economy, Bengaluru is not Karnataka. “Hence FKCCI is committed to the development and networking of all districts,” he said.