Lok Sabha Question No. 257 (STARRED), answered on 2020-03-11
Subject: Chennai-Bengaluru Industrial Corridor
Ministry: COMMERCE AND INDUSTRY
Asked by: Gangasandra Siddappa Basavaraj

## GOVERNMENT OF INDIA MINISTRY OF COMMERCE & INDUSTRY DEPARTMENT FOR PROMOTION OF INDUSTRY AND INTERNAL TRADE

## LOK SABHA

STARRED QUESTION NO. 257. TO BE ANSWERED ON WEDNESDAY, THE  11 TH   MARCH, 2020.

## CHENNAI-BENGALURU INDUSTRIAL CORRIDOR

## *257.  SHRI G.S. BASAVARAJ:

Will the Minister of COMMERCE AND INDUSTRY be pleased to state:

वाणिज्य

## एवं उद्योग मंत्री

- (a) whether under the proposed Chennai-Bengaluru Industrial Corridor, a National  Investment  and  Manufacturing  Zone  (NIMZ)  has  been  envisaged over a vast expanse of 13,000 acres near Vasanthanarasapura (Tumkur) and if so, the details thereof;
- (b) whether more than 60% of the required land has been identified and acquired by the State Government for the said purpose and if so, the details thereof; and
- (c) the extent of equity funds to be released by the Centre for setting up a Special Purpose Vehicle (SPV) for this project?

## ANSWER वाणिज ् य एवं उद्योग मंत्री ( श्री पीयूष गोयल ) THE MINISTER OF COMMERCE & INDUSTRY (SHRI  PIYUSH GOYAL)

- (a) to (c): A statement is laid on the Table of the House.

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## STATEMENT  REFERRED  IN  REPLY  TO    LOK  SABHA  STARRED  QUESTION NO.257 FOR ANSWER ON 11 TH  MARCH, 2020.

- (a): The  Government  of  India  had  granted  'in-principle'  approval  for  a  National Investment  and  Manufacturing  Zone  (NIMZ)  at  Vasanthanaraspura  under Tumakuru District in Karnataka under 'National Manufacturing Policy (NMP)' in 2012. Subsequently, this project was considered for 'final approval' in the 1 st meeting of High Level Committee (HLC) under NMP in June 2015 wherein the Government of Karnataka had informed that the final notification had been issued  for  1700  acres  of  land  and  about  7900  acres  of  land  was  then  at acquisition stage which would take another 3 to 4 months. The HLC directed the State Government to acquire the total land required for the project and to transfer in the name of the respective industrial development authority which would form a SPV. Hence, for want of complete land required for the project, the project was not accorded 'final approval'.
- (b): Tumakuru with an area of 8483 acres has been identified for development as one  of  the  priority  node  in  the  State  of  Karnataka  as  a  part  of  Chennai Bengaluru Industrial Corridor (CBIC)'s project. Detailed master planning and preliminary engineering for phase I over an activation area admeasuring 1736 acres have been completed. 1722 acres of land is already under possession of  the  State  Government.  The  Government  of  Karnataka  has  informed  that this land was earlier proposed for establishment of NIMZ.
- (c): Shareholder's  Agreement  (SHA)  and  State  Support  Agreement  (SSA)  have been  executed  and  a  SPV  namely  'CBIC  Tumakuru  Industrial  Township Limited' has been incorporated between National Industrial Corridor Development and Implementation Trust (NICDIT) and Govt. of Karnataka/Karnataka Industrial Area Development Board (KIADB).  An initial equity contribution of Rs. 5 crore has already been released by NICDIT to the SPV of the project.

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