Fresh Investment Commitment
As per the data collated by Projects Today, the fresh investment arena in Karnataka stood at Rs 3,93,016 crore from FY15 till Q3/FY19. In all, 3,527 fresh projects were announced by the government and private organisations during the period. A major chunk of these projects was seen in the Manufacturing, Services and Utilities (Infrastructure) and Power sectors.
Manufacturing and Services and Utilities (Infrastructure) together accounted for 83 percent of the fresh investments announced. The manufacturing sector, a major sector, saw announcement of 428 fresh projects with investment worth Rs 1,38,186 crore. The Services and Utilities sector, which plays an important role in strengthening the growth of the economy, saw announcement of 2,819 fresh projects with investment intention of Rs 1,88,222 crore from FY15 to Q3/FY19.
JSW Steel plans to expand its steel capacity from 16 million tpa to 18 million tpa in Ballari district. The project will see expansion of Pellet Plants, Hot metal-Blast Furnace, Pig Casting Machines (TPD), Slab Billet Caster, Rebar & Section mill. The mega project will create 1,200 direct employment.
Hindustan Aeronautics is setting up a light utility helicopters unit in Tumkuru district. The unit will manufacture 75 helicopters per year. The project will spread over 615 acre of land, and include complexes such as aero structures, engines, aggregators and township. The integrated infrastructure facilities will have mainly buildings, heli-runways, landscapping, etc to initially produce LUH and ultimately futuristic helicopters of the new generation.
Under Services and Utilities Services, a mega project announced during the period was Bengaluru suburban rail project. The railway line of 161 km will be undertaken by the Bangalore Suburban Rail Corporation. The rail project will have 82 suburban stations, of which 30 will be elevated and 51 at ground level. The routes that have been proposed by RITES include Kengeri-Bengaluru City- Whitefield (35 km), Bengaluru City-Yelahanka-Rajankunti (27 km), Nelamangala-Mathikere-Baiyyappanahalli (39 km), Heelalige-Yelahanka-Devanahalli (60 km).
In a move to reduce traffic congestion and travel time, the National Highways Authority of India (NHAI) has planned eight-laning of Bengaluru-Chennai Expressway in two phases. Phase-I of the project will see development of the expressway from 0.00 km to 71.00 km near N G Hulkur village in Karnataka, whereas Phase-II will see development from 71.00 km near N G Hulkur village to 156.00 km near Ramapuram village in Andhra Pradesh. The project is part of Bharatmala Pariyojana.
As per the data compiled, the fresh projects announced by government organisations accounted for 46 percent of the total investment share between FY15-Q3/FY19. In all, the state and Central government together announced 2,399 fresh projects worth Rs 1,82,578.5 crore. From these, the state government announced 2,029 fresh projects worth Rs 1,82,578.5 crore.
The Private sector on the other hand announced 1,128 fresh projects with investment to the tune of Rs 2,10,438 crore.
Mammoth ongoing projects
Pavagada (Shakti Sthala) solar park
Karnataka Solar Power Development Corporation is setting up of 2,000 MW Pavagada (Shakti Sthala) solar park in the state. The mega solar park will come up across five villages Balasamudra, Tirumani, Kyataganacharlu, Vallur and Rayacharlu in Tumkuru district. The project will spread over 11,000 acre of land, out of which 254 acre will be of government land. The phase-I of the project of 600 MW was launched on 1 March 2018 and work is underway on the remaining 1,400 MW.
Upper Bhadra Lift Irrigation Scheme
The Visvesvaraya Jala Nigam is implementing Upper Bhadra Lift Irrigation Scheme in Chikkmagalur district on lumpsum turnkey basis. The project involves lifting of water from Tunga river and Bhadra Reservoir in two stages. The dam which was constructed for Bhadra reservoir will see construction of a canal from Bhadra reservoir to delivery chamber, including three lifts and 6.90 km long tunnel and canal network.
The canal will convey water to drought-prone areas of Chikkmagalur and Chitradurga districts to provide irrigation facility to 1,07,265 ha of dry land through gravity flow irrigation system. Stage-II will irrigate Chikkamagalur, Chitradurga, Tumkuru, and Davanagere, benefitting 787 villages.
Big-ticket project completed
The Bangalore Metro Rail Corporation has successfully completed Bangalore Metro Rail Project (Phase-I). The metro rail transport system of 42.3 km is a combination of elevated, underground and surface rail track. The project is spread across north and south from Yashwantpur to R V Road. Of the 33 km stretch, seven km is elevated and the rest is underground stretch. The metro rail has two surface stations — Byappanahalli and Seshadri