STOCK MARKET BSE NSE

Karnataka CM warns of cancelling supply nod to companies dormant for 10 years

CM Bommai said many major steel and power industries came for investment in this region 10 years ago and they got land and water allocation after obtaining clearances from a high-level committee. 

Published: 04th October 2021 03:17 AM  |   Last Updated: 04th October 2021 03:17 AM   |  A+A-

Basavaraj Bommai

Karnataka CM Basavaraj Bommai (Photo | Special arrangement)

By Express News Service

BENGALURU: Chief Minister Basavaraj Bommai on Sunday, October 3, 2021, warned of cancelling allotment of land, power supply and water to companies that have remained a non-starter in Karnataka even 10 years after they have been allotted the facilities. 

“We are reviewing all projects where the clearances for water have been obtained but the water has not been utilised yet. Companies which are not setting up their units even after a decade, their allotment will be cancelled,” Bommai told reporters here.

He said many major steel and power industries came for investment in this region 10 years ago and they got land and water allocation after obtaining clearances from a high-level committee. “But for some reason, they have not started the industries. We will review them. Our objective is either the purpose for which land has been taken has to be achieved or some other facilities should be provided to the industries,” he said.

While there have been complaints about access, especially from industrialists about Ballari, a land-locked district, Bommai said all issues will be addressed. “All hurdles will be removed to make the region investor-friendly,” he said. “It is our policy to give priority to those who will not only invest here but also generate employment,” Bommai further said.  To a question on returning land taken from the farmers following the cancellation of the project, Bommai said it would be reviewed.



Comments

Disclaimer : We respect your thoughts and views! But we need to be judicious while moderating your comments. All the comments will be moderated by the newindianexpress.com editorial. Abstain from posting comments that are obscene, defamatory or inflammatory, and do not indulge in personal attacks. Try to avoid outside hyperlinks inside the comment. Help us delete comments that do not follow these guidelines.

The views expressed in comments published on newindianexpress.com are those of the comment writers alone. They do not represent the views or opinions of newindianexpress.com or its staff, nor do they represent the views or opinions of The New Indian Express Group, or any entity of, or affiliated with, The New Indian Express Group. newindianexpress.com reserves the right to take any or all comments down at any time.

flipboard facebook twitter whatsapp