Skip to content
The Bengaluru Live | Bengaluru News, Breaking Updates

The Bengaluru Live | Bengaluru News, Breaking Updates

Bengaluru’s Leading News Portal

Primary Menu
  • HOME
  • Bengaluru
  • Karnataka
  • POLITICS
  • CRIME
  • Delhi
  • Kannada News
  • Hindi News
  • MORE NEWS
    • Supreme Court
    • CITY UPDATES
    • PM
    • SPORTS
    • STATE
    • EDUCATION
    • ENTERTAINMENT
    • HEALTH
    • Real Estate
    • SPORTS
    • CORONA
    • MOBILITY/TRANSPORT
    • Horoscope
    • Submit a Press Release
  • Sponsored
  • Home
  • CITY UPDATES
  • Karnataka Plans to revive loss-making industries ready: Minister
  • CITY UPDATES
  • STATE

Karnataka Plans to revive loss-making industries ready: Minister

The Bengaluru Live August 13, 2021 5:00 PM 3 minutes read
Karnataka Plans to revive loss-making industries ready: Minister

Karnataka Plans to revive loss-making industries ready: Minister

📘 Read this story in Kannada

BENGALURU:

Karnataka Large and Medium Industries Minister Murugesh Nirani on Friday said his department has prepared a plan to revive loss-making industries and corporations, and make them profitable.

The Minister, who officially assumed charge at his office in Vidhana Soudha, the seat of the State legislature and Secretariat here today, said he would make the State a global industrial hub.

‘There are several corporations and institutions such as the Kalaburagi Cement Corporation, Mysugar and Mysore Paper Mills that are on the path of bankruptcy. I held discussions with Union Ministers on reviving them during my visit to New Delhi two days ago. I won’t allow their closure during my tenure and will try to make them function 24 hours,’ Nirani said.

He said, ‘Our goal is to utilise the natural resources of the State and create a revolution in industrial employment.’ Stressing the need to use land obtained from the Karnataka Industrial Area Development Board (KIADB) for the purpose, he warned of its misuse.

“Those who obtained land to set up industries from KIADB must use it for the purpose (generate jobs). I will order a survey if the allotted land is being misused. There is no provision to use KIADB land for other purposes and we won’t do sale deeds. I will order a probe if the land is being misused,” he said.

Promising to use the abandoned land at Kolar Gold Fields (KGF) in Kolar district, he said he would meet the Union Ministers in the coming days and get a nod.

“There are more than 3,000 acres of unused land in KGF. They used to get 40 gm of gold for one tonne of mining but now it has dwindled.

The officials in their findings have declared that there is no scope for exploration in 3,200 acres of land. So we have urged the Centre to hand over that land to the State government. Revenue officials have been instructed to consider this. We will set up an industrial township when we get the land,” he said.

He said his priority to create many jobs and ensure ease of doing business.

“We will hold industrial adalats at the district-level and provide doorstep delivery of services to industries and create more jobs for educated youth, ” he added.

Promising all facilities for industries, Nirani said the Centre has started a new scheme – Invest India – to attract investments, and the State government would appoint officials to be part of the scheme. ‘We will provide all information to make investments in Karnataka,’ he said.

He further said the government is planning to use 21 acres of land belonging to Mysore Lamps and NGEF land to build theme parks.

At a meeting with officials, Nirani said he would be tough on them if they give room for laxity.

The Minister won’t tolerate excuses and will take strict action on non-performers, a press release from his office said.

Stressing on revival of industries, he urged the officials to identify the sick ones at the taluk, district and State-levels and prepare a blueprint for a turnaround.

About the Author

The Bengaluru Live

Administrator

View All Posts

Post navigation

Previous: Karnataka banned Public celebration of Ganesha Festival
Next: Tiles, drainage on Bengaluru’s Commercial Street to be fixed

Related Stories

A Vande Bharat Express train at a station
  • Bengaluru
  • CITY UPDATES
  • Karnataka

New Yesvantpur–Madgaon Vande Bharat Express via Mangaluru to Begin Regular Service on November 15; Two Inaugural Specials on November 13

The Bengaluru Live November 12, 2026 10:48 AM
A large crowd of employees holding placards reading Beke Beke Nyaya Beke at a gathering
  • Bengaluru
  • CITY UPDATES
  • Karnataka

GBA Corporation Staff Association Calls Mass-Leave Meeting at Town Hall on November 16, Presses 29 Demands

The Bengaluru Live November 12, 2026 9:59 AM
Priyank Kharge with Kyndryl representatives and officials at the meeting on public examination safeguards
  • Bengaluru
  • CITY UPDATES
  • Karnataka

Priyank Kharge Reviews Public Examination Safeguards With Kyndryl, e-Governance and KEA Officials

The Bengaluru Live November 12, 2026 9:22 AM

Latest Post

New Yesvantpur–Madgaon Vande Bharat Express via Mangaluru to Begin Regular Service on November 15; Two Inaugural Specials on November 13 A Vande Bharat Express train at a station
  • Bengaluru
  • CITY UPDATES
  • Karnataka

New Yesvantpur–Madgaon Vande Bharat Express via Mangaluru to Begin Regular Service on November 15; Two Inaugural Specials on November 13

November 12, 2026 10:48 AM
GBA Corporation Staff Association Calls Mass-Leave Meeting at Town Hall on November 16, Presses 29 Demands A large crowd of employees holding placards reading Beke Beke Nyaya Beke at a gathering
  • Bengaluru
  • CITY UPDATES
  • Karnataka

GBA Corporation Staff Association Calls Mass-Leave Meeting at Town Hall on November 16, Presses 29 Demands

November 12, 2026 9:59 AM
Karnataka to See Mostly Dry Weather Through November 18; KSNDMC Chart Shows No Weather Warnings AI-generated representational illustration of a Bengaluru road with early-morning mist.
  • Karnataka

Karnataka to See Mostly Dry Weather Through November 18; KSNDMC Chart Shows No Weather Warnings

November 12, 2026 9:28 AM
Priyank Kharge Reviews Public Examination Safeguards With Kyndryl, e-Governance and KEA Officials Priyank Kharge with Kyndryl representatives and officials at the meeting on public examination safeguards
  • Bengaluru
  • CITY UPDATES
  • Karnataka

Priyank Kharge Reviews Public Examination Safeguards With Kyndryl, e-Governance and KEA Officials

November 12, 2026 9:22 AM
Centre Approves New Names for Three Namma Metro Pink Line Stations Namma Metro Pink Line train on elevated tracks.
  • Bengaluru

Centre Approves New Names for Three Namma Metro Pink Line Stations

November 11, 2026 11:57 PM
Governor Congratulates Bhadravathi’s Shreya N. Gowda on All India Rank 1 in Women’s Category of UPSC NDA Exam A young woman in a light blue shirt and dark bib marked 43 stands in front of the Indian flag, with uniformed cadets saluting behind her
  • Karnataka

Governor Congratulates Bhadravathi’s Shreya N. Gowda on All India Rank 1 in Women’s Category of UPSC NDA Exam

November 11, 2026 10:39 PM

You may have missed

A Vande Bharat Express train at a station
  • Bengaluru
  • CITY UPDATES
  • Karnataka

New Yesvantpur–Madgaon Vande Bharat Express via Mangaluru to Begin Regular Service on November 15; Two Inaugural Specials on November 13

The Bengaluru Live November 12, 2026 10:48 AM
A large crowd of employees holding placards reading Beke Beke Nyaya Beke at a gathering
  • Bengaluru
  • CITY UPDATES
  • Karnataka

GBA Corporation Staff Association Calls Mass-Leave Meeting at Town Hall on November 16, Presses 29 Demands

The Bengaluru Live November 12, 2026 9:59 AM
AI-generated representational illustration of a Bengaluru road with early-morning mist.
  • Karnataka

Karnataka to See Mostly Dry Weather Through November 18; KSNDMC Chart Shows No Weather Warnings

The Bengaluru Live November 12, 2026 9:28 AM
Priyank Kharge with Kyndryl representatives and officials at the meeting on public examination safeguards
  • Bengaluru
  • CITY UPDATES
  • Karnataka

Priyank Kharge Reviews Public Examination Safeguards With Kyndryl, e-Governance and KEA Officials

The Bengaluru Live November 12, 2026 9:22 AM

About us

The Bengaluru Live is an independent digital news publication focused on Bengaluru and Karnataka, publishing news and information in English and Kannada since February 2020.

Useful Links

  • About The Bengaluru Live
  • Contact Us
  • Editorial Standards & Corrections Policy
  • Publisher, Editorial Responsibility & Grievance
  • Ownership & Funding Transparency
  • Advertise with us
  • Privacy Policy
  • Terms of Service
  • Submit a Press Release

Recent News

  • New Yesvantpur–Madgaon Vande Bharat Express via Mangaluru to Begin Regular Service on November 15; Two Inaugural Specials on November 13
  • GBA Corporation Staff Association Calls Mass-Leave Meeting at Town Hall on November 16, Presses 29 Demands
  • Karnataka to See Mostly Dry Weather Through November 18; KSNDMC Chart Shows No Weather Warnings
  • Priyank Kharge Reviews Public Examination Safeguards With Kyndryl, e-Governance and KEA Officials
©Copyright 2026 The Bengaluru Live All rights reserved. | MoreNews by AF themes.