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KIADB may acquire 3K acres for MBIC project

Industry Construction

Karnataka Industrial Areas Development Board (KIADB) is planning to acquire over 3,000 acres of land near Belur Industrial Estate near Dharwad to attract investments under the central government’s Mumbai-Bangalore Industrial Corridor (MBIC) project. The centre hopes to generate an investment of `3 lakh crore from this project that passes through cities like Pune, Satara, Kolhapur, Belagavi, Dharwad, Davangere, Haveri, Chitradurga and Tumkur. Besides, four new cities are also being planned along the corridor to boost manufacturing activities.

Extracted from NIE, Feb 23,’15

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