Government intends to avail a loan of Rs 5,000 Crore to facilitate water supply and infrastructure to industrrial areas: MB Patil

Bangalore, Sep 6: Large and Medium Industries Minister MB Patil said on Thursday that the government intends
to avail a loan of Rs 5,000 Crore for the purpose of developing new industrial areas and facilitating infrastructure including supply of dedicating river water supply to industrial areas.

Many of the industrial areas lack infrastructure, especially dedicated water supply system. The government wants to find a solution to this issue and has been in consideration with the finance department, he stated.

The dedicated water supply plan needs about Rs 2,000 Crore and the remaining Rs 3,000 Crore will be utilised to create infrastructure facilities, developing new industrial areas and land acquisition,
Patil explained.

Startup Parks

The land for establishing the Startup Park in Bengaluru has been identified, announced MB Patil, Minister for Large and Medium Industries, on Thursday.

Speaking at “Innoverge,” an event organised by the Confederation of Indian Industry (CII), the minister shared that officials have also been instructed to identify land for another software park, which will be established in Belagavi. This software park in Belagavi is planned to focus on the Med-tech sector, he added.

Patil emphasised that to reap the benefits of growth of industries in emerging sectors, there is also a need to create a skilled workforce.

The event was attended by N. Venu, President of CII Karnataka, entrepreneur Kamal Bali, and Ekrup Kaur, Secretary of the Department of IT/BT, among others.

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