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New Indian Express
3 days ago
- Business
- New Indian Express
The need to balance industrial growth & farmers' interests
The State Government took a well-considered decision earlier this week to abandon its plan of acquiring 1,777 acres of fertile land for a proposed defence and aerospace park near the international airport on the outskirts of Bengaluru. The move provided relief to farmers who have fought a long and difficult battle to protect their livelihood. Their struggle was backed by many prominent scholars, scientists, artists, and public intellectuals. The move is unlikely to have any major impact on Karnataka's efforts to attract investors and its reputation as one of the most sought-after investment destinations in the country. However, the episode reemphasised the need for careful identification of lands to be acquired for industrial development, especially as the state strives to maintain the lead in the defence and aerospace sector while continuing to woo investors in other sectors as well. Land acquisition is always a challenge. But why identify a fertile farmland for industrial purposes and push farmers to protest? No doubt, industrial development is essential to spur economic activities and generate employment, but it should not be at the cost of protecting farmers' interests and ensuring food security. Even the government has often made that aspect clear. Pushback from farmers near Devanahalli and the subsequent decision taken by the government could influence similar demands from farmers in other places. While it may pose a challenge for authorities, it also highlights the need for a more consultative approach, from the time of identifying land, to avoid any conflict with farmers. As Karnataka makes great strides attracting investments, the demand for land will increase significantly. In the Global Investors Meet [GIM] held earlier this year under the leadership of Industries Minister MB Patil, the state secured commitments of approximately Rs 10.27 lakh crore, of which Rs 4.34 lakh crore have already been converted. The state is in the top position in the country in the defence and aviation industry, with 67% of all aircraft and helicopter manufacturing for defence services and 25% of India's aircraft and spacecraft industries based in Karnataka. The defence Public Sector Undertaking Hindustan Aeronautics Limited [HAL], being headquartered in Bengaluru, plays a pivotal role in providing a much-needed ecosystem and impetus for the growth in the sector. The presence of several DRDO facilities, multi-national firms, and many top-notch educational institutions also adds to the state's advantage.
Time of India
09-07-2025
- Business
- Time of India
CM Siddaramaiah meets Rajnath Singh, seeks two defence industrial corridors for Karnataka
Karnataka Chief Minister Siddaramaiah has written to Union Defence Minister Rajnath Singh requesting approval for two dedicated Defence Industrial Corridors in the state. Chief Minister Siddarmaiah in his letter has sought permission for corridors in the North and another in the South to accelerate domestic manufacturing and strengthen India's strategic self-reliance. The CM highlighted that Karnataka already accounts for 67% of India's aircraft and helicopter manufacturing for defence services and is home to 25% of the country's aircraft and spacecraft industry. 'The proposed corridors will further cement Karnataka's reputation as the Defence Capital of India,' he said in the letter. Siddaramaiah added that the recently held Global Investors Meet, Invest Karnataka 2025 saw investment commitments worth ₹10.27 lakh crore, of which ₹4.34 lakh crore have already been converted. Manufacturing alone accounted for ₹5.56 lakh crore in commitments, with 62% already converted. CM Siddaramiah urged the central government to extend support similar to that given to Uttar Pradesh and Tamil Nadu in 2018, noting that these corridors would attract more domestic and global investment, create high-skilled jobs, and further the ' Make in India ' mission in the defence sector. He pointed out that the North Karnataka region, particularly Belagavi, Hubballi-Dharwad, and Vijayapura, hosts key defence manufacturers such as Balu Forge, Aequs, Walchandnagar Industries, and others. 'This 250 acre aerospace Special Economic Zone (SEZ) fosters a vertically integrated aerospace ecosystem. The aerospаce SEZ has the largest machining capacity in the country that delivers more than 1 million machining hours annually, has 31 operational units and employs 5000 people,' the CM said. Similarly highlighting South Karnataka's ecosystem Siddaramaiah said the hi-tech defence and aerospace park in Devanahalli, and the presence of TASL, Collins Aerospace, Dynamatic Technologies and others make it a natural hub for defence and aerospace innovation.
The Hindu
08-07-2025
- Business
- The Hindu
Defence corridors will be sought for Karnataka: M.B. Patil
The State government will seek sanctioning of two defence corridor projects for Karnataka during the meeting of Chief Minister Siddaramaiah with Defence Minister Rajnath Singh on Wednesday. The two defence corridors being mooted are the Kolar-Chickballapur region and the Hubballi-Belagavi region. 'As the country's leading contributor to the aerospace and defence sector, Karnataka deserves two defence corridors — one each in north and south Karnataka,' Industries Minister M.B. Patil told presspersons here on Tuesday. He said that Karnataka should have been granted a defence corridor on merit when Tamil Nadu and Uttar Pradesh were allotted the corridor projects. 'Even the Central government has realised the oversight and Mr. Singh himself has acknowledged this. It also came up for discussion when the Defence Minister participated in the Global Investors Meet in Karnataka earlier this year,' said, clarifying that Karnataka was not against projects being sanctioned to other States. 'We are demanding what Karnataka rightfully deserves.'
India Gazette
06-07-2025
- Business
- India Gazette
62 percent of GIM manufacturing investment commitments converted to project applications: MB Patil
Bengaluru (Karnataka) [India], July 6 (ANI): Karnataka Minister for Large and Medium Industries, MB Patil, stated on Saturday that Rs 3.4 lakh crore worth of formal project applications have been filed out of the 5.56 lakh crore investment commitments made for the manufacturing sector during the Global Investors Meet (GIM) - Invest Karnataka 2025. This amounts to a 62% conversion rate. Speaking at an exclusive session organised by the Confederation of Indian Industry (CII) in the presence of Union Minister for Commerce and Industry Piyush Goyal, MB Patil attributed this impressive conversion as a result of sustained post-MoU engagement with investors, ensuring that intent translates into tangible action. 'Companies such as Krones, Safran, TASL, and many others have already filed formal applications with the state, with several having already commenced groundwork. Additionally, with both IndiGo and Air India now operating MRO (Maintenance, Repair and Overhaul) facilities in Karnataka, alongside TASL's upcoming MRO unit and HAL's existing operations, Karnataka has truly earned its place as the 'MRO Capital of Asia',' Patil noted. Patil further stated that out of the total Rs 10.27 lakh crore worth of investment commitments received during the GIM, proposals valued at Rs 4.34 lakh crore or about 42 per cent, have already materialised into project applications. He positioned Karnataka as a reliable partner in the evolving global economic landscape. He said, 'As the world adopts the China+1 strategy and responds to uncertainties caused by global conflicts, Karnataka has emerged as a dependable and natural partner. We are building not just industrial parks, but self-contained ecosystems that are future-ready and innovation-driven.' The new State Industrial Policy, launched during the GIM, has been widely appreciated for its progressive and inclusive framework. The policy places a strong emphasis on sustainability by integrating decarbonisation goals, green regulatory frameworks, and dedicated promotion of green industrial practices. It also offers targeted additional incentives for Zone 1 and Zone 2 districts, supporting balanced regional development. (ANI)
Time of India
05-07-2025
- Business
- Time of India
Minister: 62% of manufacturing promises made at Global Investors Meet in project proposal stage
Bengaluru: Industries minister MB Patil said Saturday that 62% of investment commitments made to the manufacturing sector during the Global Investors Meet (GIM) held earlier this year have been converted into formal project proposals. "In total, Karnataka received investment commitments worth Rs 10.2 lakh crore at GIM 2025, of which Rs 4.3 lakh crore — about 42% — have already been converted into proposals. Of the Rs 5.5 lakh crore committed to manufacturing, proposals worth Rs 3.4 lakh crore have been submitted," Patil said at a session with union commerce and industry minister Piyush Goyal, organised by the Confederation of Indian Industry (CII). "This strong conversion rate reflects sustained post-MoU engagement with investors, ensuring that investment intent translates into tangible action," he added. You Can Also Check: Bengaluru AQI | Weather in Bengaluru | Bank Holidays in Bengaluru | Public Holidays in Bengaluru Patil said companies such as Krones, Safran, and TASL have already filed applications, with many starting groundwork. He also highlighted the state's emerging role in aviation and aerospace. "With IndiGo and Air India operating MRO (maintenance, repair, and overhaul) facilities, along with TASL's upcoming MRO unit and HAL's existing operations, Karnataka has truly earned its place as the 'MRO Capital of Asia'," he said. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Nysa: Ten aparat słuchowy może zmienić wszystko w 2025 roku DRUGIE UCHO Undo "As the world adopts the China+1 strategy and responds to uncertainties caused by global conflicts, Karnataka has emerged as a dependable and natural partner. We are building not just industrial parks, but self-contained, future-ready, innovation-driven ecosystems," Patil said. The minister also spoke about the new industrial policy launched at GIM or Invest Karnataka 2025. "The policy places a strong emphasis on sustainability, integrating decarbonisation goals, green regulatory frameworks, and dedicated promotion of environment-friendly industrial practices," he said.
