Karnataka Cabinet Approves Rs 5,000 Cr for KIADB, Bifurcates Hubballi-Dharwad
By Rediff Money Desk, Bengaluru Jan 02, 2025 22:05
Karnataka cabinet approves Rs 5,000 crore borrowing for KIADB, increases its borrowing limit from Rs 500 crore to facilitate land acquisition for industrial development. It also decides to bifurcate Hubballi-Dharwad Municipal Corporation, creating a separate urban local body for Dharwad.

Bengaluru, Jan 2 (PTI) The Karnataka cabinet on Thursday decided to increase the borrowing limit of the Karnataka Industrial Area Development Board (KIADB) from financial institutions from Rs 500 crore to Rs 5,000 crore.
Briefing reporters after the cabinet meeting, Karnataka Law and Parliamentary Affairs Minister H K Patil said the decision was made because KIADB is acquiring 28,741 acres of land for the development of 24 industrial areas across the state.
Patil added that developing these industrial areas would require at least Rs 32,380 crore, including Rs 26,505 crore for land acquisition.
The cabinet also decided to bifurcate the Hubballi-Dharwad Municipal Corporation and create a separate urban local body to govern Dharwad city.
Hubballi-Dharwad Mahanagara Palike currently exists. Dharwad is known as Karnataka's cultural centre, the Karmabhoomi of four Jnanpith award winners including D R Bendre, V K Gokak and Girish Karnad, and it is also called Vidya Kashi. Today, the cabinet decided to create a separate Mahanagara Palike for Dharwad, Patil said.
"It will be done immediately, following the necessary technicalities and legal procedures," he added.
The cabinet also granted administrative approval to strengthen the existing 14 Goshalas, Patil said.
We are not cancelling the new Goshalas, but we are allocating Rs 10.5 crore for strengthening the 14 existing ones, he added.
According to Patil, work had begun on 35 new Goshalas, of which 14 have been completed. The government is focusing on strengthening these existing ones.
The cabinet also decided to cancel the third phase of the white topping of roads within Bengaluru's municipal limits, Patil said.
Contracts were awarded, but the project was cancelled because work could not commence, leading to the cancellation of the tenders, the minister added.
He further noted that the total cost for white topping 92 roads covering 119 km was estimated at Rs 1,172 crore.
Briefing reporters after the cabinet meeting, Karnataka Law and Parliamentary Affairs Minister H K Patil said the decision was made because KIADB is acquiring 28,741 acres of land for the development of 24 industrial areas across the state.
Patil added that developing these industrial areas would require at least Rs 32,380 crore, including Rs 26,505 crore for land acquisition.
The cabinet also decided to bifurcate the Hubballi-Dharwad Municipal Corporation and create a separate urban local body to govern Dharwad city.
Hubballi-Dharwad Mahanagara Palike currently exists. Dharwad is known as Karnataka's cultural centre, the Karmabhoomi of four Jnanpith award winners including D R Bendre, V K Gokak and Girish Karnad, and it is also called Vidya Kashi. Today, the cabinet decided to create a separate Mahanagara Palike for Dharwad, Patil said.
"It will be done immediately, following the necessary technicalities and legal procedures," he added.
The cabinet also granted administrative approval to strengthen the existing 14 Goshalas, Patil said.
We are not cancelling the new Goshalas, but we are allocating Rs 10.5 crore for strengthening the 14 existing ones, he added.
According to Patil, work had begun on 35 new Goshalas, of which 14 have been completed. The government is focusing on strengthening these existing ones.
The cabinet also decided to cancel the third phase of the white topping of roads within Bengaluru's municipal limits, Patil said.
Contracts were awarded, but the project was cancelled because work could not commence, leading to the cancellation of the tenders, the minister added.
He further noted that the total cost for white topping 92 roads covering 119 km was estimated at Rs 1,172 crore.
Source: PTI
Read More On:
DISCLAIMER - This article is from a syndicated feed. The original source is responsible for accuracy, views & content ownership. Views expressed may not reflect those of rediff.com India Limited.
You May Like To Read
TODAY'S MOST TRADED COMPANIES
- Company Name
- Price
- Volume
- Vodafone Idea L
- 8.81 (+ 4.76)
- 47926703
- AvanceTechnologies
- 0.69 ( -2.82)
- 10626608
- GTL Infrastructure
- 1.74 (+ 0.58)
- 8057600
- Vakrangee
- 15.92 (+ 4.94)
- 8021886
- Srestha Finvest
- 0.66 (+ 3.13)
- 8004355
MORE NEWS
NATCO Pharma Shares Plunge 20% After Q3...
NATCO Pharma shares tumbled 20% on Thursday after the company reported a 37.75% decline...

Chevron Invests USD 1 Billion in India...
Chevron is establishing a USD 1 billion engineering and innovation center in Bengaluru,...

GAIL to Exit US Shale Venture: Eagle Ford Asset...
GAIL (India) Ltd plans to exit its US shale gas venture, selling its 20% stake in Eagle...