Introduction:
The Vasanthanarasapura Industrial Area, located in Tumakuru District, Karnataka, is a significant industrial hub developed by the Karnataka State Industrial and Infrastructure Development Corporation (KSIIDC). This area is a key component of the Chennai-Bengaluru Industrial Corridor (CBIC), aiming to boost industrial growth and economic development in the region.
Location and Accessibility:
- Strategic Positioning: Situated approximately 120 kilometers north of Bengaluru and 20 kilometers from Tumakuru city, the industrial area benefits from its proximity to major urban centers.
- Transportation Links: The area is well-connected via National Highway 48 (NH 48), a six-lane highway facilitating efficient transportation. The Tumakuru railway station is about 25 kilometers away, and the Bengaluru International Airport is approximately 120 kilometers from the site.
Infrastructure and Facilities:
- Phased Development: The industrial area is being developed in multiple phases. The first three phases, located east of NH 48, have already been established, with several notable industries in operation. Phases A, B, and C, situated west of NH 48, are greenfield areas planned to be engineered into world-class industrial developments.
- Land Area: The Tumakuru Node covers 15 villages, encompassing an overall area of 8,484 acres.
- Infrastructure Projects: The Cabinet Committee on Economic Affairs (CCEA), chaired by the Hon’ble Prime Minister, has approved projects for constructing various trunk infrastructure components in Phase A’s start-up area (1,736.2 acres) with an estimated cost of ₹1,701.81 crore. An Engineering, Procurement, and Construction (EPC) tender for Phase 1 activation area has been issued, and a Project Management Consultant (PMC) has been appointed.
Industrial Presence:
The Vasanthanarasapura Industrial Area hosts a variety of industries, contributing to the region’s economic growth. Notable establishments include:
- Tumakuru Machine Tool Park (TMTP): A cluster of machine tool builders and accessory manufacturers, implemented jointly by the Government of Karnataka and the Department of Heavy Industry, Government of India. The foundation stone was laid in February 2018.
- National Investment and Manufacturing Zone (NIMZ): A proposed development in Vasanthanarasapura, covering 14,191 acres with an estimated cost of ₹13,543 crore, focusing on sectors like electronics, auto components, and food processing.
Economic Impact:
The development of the Vasanthanarasapura Industrial Area has significantly contributed to the local economy by:
- Employment Generation: Creating numerous job opportunities for the local population.
- Investment Attraction: Drawing investments into the region, fostering economic development.
- Ancillary Industry Growth: Encouraging the establishment of ancillary industries and service providers, thereby strengthening the industrial ecosystem.
Future Prospects:
With ongoing infrastructure developments and supportive government policies, the Vasanthanarasapura Industrial Area is poised for further growth. Its strategic location, coupled with robust infrastructure, makes it an ideal destination for industries looking to establish or expand their operations in Karnataka.
In summary, the Vasanthanarasapura Industrial Area serves as a cornerstone for industrial development in Tumakuru District, fostering economic growth and providing a conducive environment for small and medium-sized enterprises.
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