Govt to form SPV for machine tools park in Tumakuru

Govt to form SPV for machine tools park in Tumakuru

Govt to form SPV for machine tools park in Tumakuru

The state Cabinet on Wednesday approved forming a special purpose vehicle to implement the proposed integrated machine tools industrial park at Vasantanarasapura in Tumakuru district.

Briefing reporters on the Cabinet decision, Law and Parliamentary Affairs Minister T B Jayachandra said the park will be established at an estimated cost of Rs 322 crore. The Centre has agreed to provide Rs 125 crore for this purpose. It will be part of the proposed Chennai-Bengaluru-Chitradurga industrial corridor, he added.

The machine tools park will be a cluster of machine tool builders, accessories and foundry. A common facility centre for all companies that will be setting up shop will be provided at the park proposed to come up on a 300-acre plot. The state government has signed a memorandum of understanding (MoU) with the Indian Machine Tools Manufacturing Associations to establish the park, he added.

The Cabinet approved a proposal to hand over 25% of lake development cess being collected by the local planning authorities (LPA) to the Karnataka Lake Conservation and Development Authority (KLCDA). KLCDA will utilise the fund for the development of lakes in urban areas, including Bengaluru. The move will provide a revenue source to the KLCDA to chalk out plans for the development and protection of lakes in the state, he added.

The Cabinet also approved a proposal to complete pending projects taken up under the Centrally sponsored Urban Infrastructure Development Scheme for Small and Medium Towns (UIDSSMT) and Jawaharlal Nehru National Urban Renewal Mission (JnNURM) in various parts of the state. The government will earmark Rs 836.98 crore for this purpose in the next year budget, he added.

Super speciality hospital
Besides, the Cabinet gave an in-principle approval to a proposal by B R Shetty Ventures Pvt Ltd to establish a super-speciality hospital and to develop a government community health centre at Mudanidamburu village in Udupi district. The company, owned by businessman B R Shetty, has come forward to invest Rs 200 crore for this purpose, the minister said.

The company has asked the government to give a piece of government land located adjacent to the community health centre on lease. It has proposed to establish the 400-bed super-speciality hospital and develop the community health centre and hand them over to the government for maintenance.

“The Cabinet decided to enter into a memorandum of understanding (MoU) with the company after consulting the Law, the Health and Family Welfare and the Finance departments. The land will be given on lease for 30 years. The decision to hand over the community health centre will be taken depending on the progress of the project to establish a super-speciality hospital,” he added.
DH News Service

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