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BANGALORE: An engineering sector special economic zone (SEZ) in Shimoga has been converted into textile zone.
Large and medium industries minister Murugesh R Nirani, in a written reply to the assembly, said the state government has decided to drop the engineering sector SEZ as no company came forward to set up the project there.
"The entire 250 acres of land earlier proposed for SEZ has been allotted to Bangalore-based Shahi Export Pvt Ltd for setting up facilities for weaving, textile and ready-made garments with an investment of Rs 533.19 crore," he said.
The government has proposed setting up of a food park at Ittangihala village in Bijapur through state-owned Food Karnataka Limited (FKL). It is proposed to house food processing industries.
"The government has decided to extend viability gap funding facility. Selection of private entrepreneurs for establishing this park is under progress. The project cost is estimated to be Rs 23.84 crore and is expected to start functioning in the next 30 months," the minister said.
09 March, 2010 by admin