Panel to speed up land allotment for Asian Paints in Mysuru

A Cabinet sub-committee on mega investments in the industrial sector has decided to expedite the process of land allotment in regard to Asian Paints’ project at Thandavapura in Mysuru.

Asian Paints is planning to setting up a Rs 2,300-crore plant. The Cabinet sub-committee headed by Chief Minister Siddaramaiah on Wednesday met to discuss the project.

Speaking to reporters after the meeting, Siddaramaiah said the company would be provided concessions as per the provisions of the New Industrial Policy. The project had been initially cleared by the State High-Level Clearance Committee in November 2014.

But the company had expressed its displeasure regarding the delay in getting the required land for the project (125 acres). Top representatives of the company had even hinted at shifting their business from Karnataka.

The Cabinet sub-committee discussed the issue of expediting the process of land allotment, sources said. The new production unit will have a manufacturing capacity of five lakh kilo litres per day.

The sub-committee also discussed the sops to be provided for Volvo India Private Limited’s plans to expand its truck and bus manufacturing facility in Malur, Kolar.