Narasapur to be industrial hub

Published: 24th June 2013 11:57 AM  |   Last Updated: 24th June 2013 11:57 AM   |  A+A-

Narasapur, a small town on the busy Bangalore-Kolar highway, is all set to become a big industrial hub soon.

According to Vestian, a global reality strategic and transaction advisory agency, at least 40,000 jobs would be created in and around Narasapur by 2015 and many more in the next five to ten years.  Karnataka State Industrial and Infrastructure Development Corporation Ltd Managing Director P B Ramamurthy said, “Many industrialists have brought vast tracts of land on their own and some of them have got them sanctioned through  Karnataka Industrial Areas Development Board (KIADB) and are getting the licences processed. A few companies, including Honda have started working on their projects. Therefore, it is premature to predict the number of jobs that would be created by them. However, Narasapura is all set to become an industrial hub very soon.”

However, Vestian CEO Srinivas Rao said more than 400 Japanese companies, including NYK Logistics, Sumitomo Corporation, Mitsui, Canon, Komatsu, Sharp, NTT and Santen are busy making preparations to establish their units near Narasapur.

Companies like Honda, Volvo, Bando, Mahindra, Toyota and Honda motorbikes already have their units in the area and are planning to expand. Narasapur falls within the proposed Bangalore - Chennai corridor and is also close to the Dhabol gas line.Meanwhile, the state government has acquired around 4,000 acres of land near Mulbagal, Kolar and Hoskote and has proposed to establish automobile parks in Hoskote and Kolar.

“At least 30,000 blue collared jobs and 10,000 white collared jobs would be created in the region. The real estate prices around Whitefield and its surrounding area are likely to rise as these areas would be the nearest habitable destinations for the work force,” Rao added. 

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