Business News, State (New Delhi), September 19:- A central green panel has given environment clearance for developing the Rs 151.60-crore Jakkasandra industrial area in Kolar district, Karnataka, a senior government official has said.
The final clearance will be given by the Union Environment Ministry, which takes a decision on the basis of the recommendation of the green panel, Expert Appraisal Committee (EAC).
As per the proposal, the Karnataka Industrial Area Development Board (KIADB) will develop an industrial area in 627.47 acres in Jakkasandra village of Kolar with an aim to support start-ups, new enterprise incubation and development of knowledge-based business.
In a recent meeting, the EAC examined the KIADB’s proposal and suggested green nod for developing the Jakkasandra industrial area with some conditions, a senior government official told.
Among conditions specified, KIADB has been asked to protect two tanks adjacent to the existing area, he said.
The KIADB has informed the Centre that the land for the proposed project has been acquired and compensation has been paid. Public hearing has been completed and there are no court cases pending against the project, he added.
The project cost is estimated to be Rs 151.60 crore.
Industries related to warehouse and logistics, furniture making, general engineering, automobile parts, steel sheets, mpipes, plastic units and LPG bottling will come up at the proposed industrial area.
-(NAV, Inputs: Agencies)