News Karnataka
Sunday, December 10 2023
Chamraj Nagar

Kellamballi-Badanaguppe industrial area attracts Rs 562 Cr investment

Kellamballi Badanaguppe industrial area
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Chamarajanagara: The Kellamballi – Badanaguppe industrial area has been attracting entrepreneurs in the last six months. The area was established in 2015 with a total area of about 2300 acres, but industrialists only bought 650 acres.

Former Chief Minister Siddaramaiah even held a roadshow in Coimbatore to attract industrialists. But industrialists did not show much interest. From November 2021 to March 2022, five companies have bought lands in the area so far and planned to invest 562.37 Crore. The state-level committee headed by Large Industries Minister Murugesh Nirani gave clearance to the proposal of five companies to set up industries. This would also create employment for over 755 people.

Andhra Pradesh based Tekren batteries private limited sought 10 acres of land will invest 480 Crores to manufacture lithium batteries and employ over 200 people. Following demand for lithium batteries rising due to the increase of electric vehicles, the company plans investment, said an official of Industries Department.

industrial area cnagara

Mangaluru based A K Clusters Private Limited company will set up the plywood manufacturing unit in four acres of land and would invest 15.75 Crore. This will provide employment to over 80 people.

Mysuru based Sri Vruddhi Industries will set up paper cups and plate manufacturing units at an estimated cost of Rs. 15.5 Crore and provide employment for 50 workers. Chamarajanagara based Chiranvi Enterprises will invest Rs. 16.12 crores will provide employment to over 30 workers to manufacture paper plates and cups.

Mysuru based Cranes technology India (P) Ltd. will establish an electronics component manufacturing unit on 5 acres of land with an investment of Rs. 35 Crore and provide jobs for 380 people.

Apart from this, Grasim Industries of Aditya Birla group bought 102 acres of land to set up a paint manufacturing unit with an investment of Rs. 1,699 Crore. KCM home appliances availed 32.5 acres of land and will set up an industry at an estimated cost of Rs. 200.89 Crore.

Colourtone textiles private limited has already started its industrial building. District industries centre Deputy Director Rajendra Prasad told that after providing power and water facility, more companies are showing interest to set up industries here.

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