BENGALURU: The Siddaramaiah cabinet, besides approving the Karnataka Industrial Policy 2025-30, has given administrative approval to implement various infrastructure projects, including funding the expansion of infrastructure at IIIT-Bengaluru. It comes on the back of Invest Karnataka 2025 -- Global Investors’ Meet, which concluded last week.
Of the Rs 817-crore project, the State government will grant Rs 285.95 crore, 35 per cent of the project cost, making Rs 25 crore available for utilisation under the 2024-25 budget, and the remaining amount will be allocated in seven years. IIIT-B has to arrange the rest of the amount on its own, through CSR initiatives.
Law and Parliamentary Affairs Minister HK Patil informed the press that the cabinet has also decided to set up a cluster seed fund of Rs 75 crore to promote startups beyond Bengaluru, especially in Mysuru, Hubballi and Mangaluru.
It has also decided to set up a semi-conductor future accelerator lab 2.0 at Rs 70.805 crore by registering it as a Section 8 company, and the state will provide its share of Rs 50.33 crore between 2025 and 2030. This will create a conducive ecosystem for the sector.
It has also decided to outsource 306 skill trainers and ten professional coordinators at 306 government high schools in Kalyana Karnataka region, to implement the programme under National Skill Qualification Framework.
The Cabinet also approved the clean mobility policy to attract Rs 50,000 crore investments with an objective of generating 1 lakh jobs.
Other decisions
Approval for retendering construction of Elevated Rotary Flyover at IOC Junction, and construction of additional two-lane ROB at Baiyyappanahalli Railway level crossing on turnkey -lumpsum-fixed price-no variation-no escalation basis, at an estimated cost of Rs 426.50 crore
Approval for implementation of 16 work packages in Bengaluru at an estimated cost of Rs 2,000 crore, under Karnataka Water Security and Resilience Programme funded by World Bank
Administrative approval for revised work of Vijayapura Sub-Regional Science Centre and Vijayapura Mini Planetarium project at an estimated cost of Rs 1288.79 lakh
Upgrade Banavara Gram Panchayat in Arsikere taluk of Hassan district to a Town Panchayat
Modernisation of water supply from Clive Lines Reservoir of Johnson Market, Domlur, Machalibetta, Ulsoor service stations at Rs 199 crore, under BWSSB in Bengaluru
A committee headed by DCM DK Shivakumar, including PWD and RDPR ministers, will examine recommendations of the Guruprasad Committee on revision of civil works, and submit its report at the next cabinet meeting