Wednesday, October 6, 2010

19 companies to set up industries in Bidar

Source: The Hindu
Nineteen companies have agreed to set up industries in Bidar, Heavy and Medium Industries Minister Murugesh Nirani said.
He told presspersons here on Tuesday that in the recent Global Investors Meet, these companies had promised to invest Rs. 1,318 crore and provide jobs to 11,000 people.
The Government will set aside Rs. 15 crore for industrial development in Bidar. As much as 2,450 acres will be acquired in the district to create a land bank. This will include 500 acres in Humnabad and 100 acres in Basavakalyan. Officials have been instructed not to acquire fertile farmland for industrial purposes. Farmers will be paid double the market rates for the acquired lands.
Water supply facilities will be provided at a cost of Rs. 75 lakh at the industrial estates in Naubad and Kolhar.
The Government will start a common sewage treatment plant at a cost of Rs. 100 crore to help industries. Industrial houses that have failed to set up factories even after five years of the land being allotted to them will be asked to return it.

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