What is (KSIIDC), Karnataka State Industrial and Infrastructure Development Corporation?
The Karnataka State Industrial and Infrastructure Development Corporation (KSIIDC) is a public sector enterprise engaged in the development of industrial estates, logistics parks and special economic zones. It was constituted in 1964 with the objective to promote industrial growth in Karnataka by way of developing infrastructure facilities at the regional level. KSIIDC has been instrumental in the development of several major industrial corridors in Karnataka viz Mangalore-Udupi, Bengaluru-Mysuru, Bangalore-Tumkur, Bangalore-Hubballi and Mandya-Belagavi.
KSIIDC History
The Karnataka State Industrial and Infrastructure Development Corporation Limited was established in 1964 with the objective to provide financial assistance and promote industrial development in the State.
KSIIDC is headquartered in Bengaluru and has regional offices in Mysuru, Hubballi-Dharwad, Belgaum, Bangalore Rural, Gulbarga, and Davanagere. The corporation has been instrumental in the development of infrastructure & industrial clusters in Karnataka viz. Uttara Phases I & II of IT hub Infosys Ltd., IT Park Rajajinagar, Khaneez Bhawan, Novartis AG’s Special Economic Zone at HSR Layout, Hindustan Petroleum Corporation Ltd’s Hudco Refinery, etc. KSIIDC has also been associated with several public sector undertakings such as the Railways (Karnataka State Transport Corporation), Steel Authority of India Limited, Air India (Karnataka) Limited, and SPIC-Cooperative Urban Bank Ltd amongst others.
Functions of Karnatak State Industrial and Infrastructure Development Corporation
KSIIDC is envisaged as a nodal agency for the development of industrial estates and infrastructure in Karnataka. It has the mandate to attract investment in strategic sectors, create jobs and improve the economic conditions of Karnataka.
The functions of KSIIDC are:
-To develop industrial estates in Karnataka
-To promote infrastructure development including renewable energy and transport
-To support SMEs
-To spearhead initiatives for rural development
Industrial Area Developed by KSIIDC
Karnataka State Industrial and Infrastructure Development Corporation (KSIIDC) has established 173 industrial parks in Karnataka to date. KSIIDC is an apex body for industrial development in Karnataka. It is responsible for the promotion of industrialization, infrastructure development, and the upgradation of industrial estates in Karnataka. The corporation has the vision to become the most preferred destination for investors and entrepreneurs.
The objectives of KSIIDC
To promote efficient industrial development within the state through the provision of necessary infrastructural facilities and support services To develop/upgrade existing industry corridors by identifying alternative sites and implementing integrated development schemes To procure land required for industries To rationalize expenditure by increasing efficiency in operations To promote exports from Karnataka
How to buy Plot / Lands in KSIIDC
Karnataka State Industrial and Infrastructure Development Corporation (KSIIDC) is a government-owned statutory corporation engaged in the development of industrial and infrastructure sectors in Karnataka. It was formed with the objective to promote industrialization and infrastructure development in the state. KSIIDC has the mandate to develop, operate and maintain industrial estates and other industrial properties, promote trade and commerce, undertake research & development projects in industrial areas, provide consultancy services to private sector enterprises, and provide financial assistance to entrepreneurs. The corporation also manages the Bengaluru International Airport, Hosur Road port, Krishnarajapuram power station, Haridwar port, and many other facilities.
You can buy industrial land / Plots in KSIIDC Industrial Parks through industrialplot.com.
How to Apply for a Project with KSIIDC
The Karnataka State Industrial and Infrastructure Development Corporation (KSIIDC) corporation is headquartered in Bengaluru and has a total corpus of Rs. 10,000 crores.
If you want to apply for Project with KSIIDC then first you have to prepare a project report then you have to finalize the land location, then you can apply for Project finance or project partnership with KSIIDC.
To achieve its objectives, KSIIDC undertakes a number of projects both through public-private partnership (PPP) mode and direct investment. Some of the major PPP projects undertaken by KSIIDC include the Tamil Nadu-Karnataka Rubber Power Transmission Project worth Rs. 4,400 crores; the Sagar Mala Expressway project worth Rs. 3,860 crores; and the Kempegowda International Airport expansion project worth Rs. 2,500 crores. In addition to this, KSIIDC has also invested in a number of direct investment projects such as the BIAL Steel Plant Phase II at Dandeli in Belagavi district; Hindustan Aeronautics Ltd’s HAL Manufacturing Complex at Ballari district; the Hosur Leather Complex at Uttara Kannada district; Bangalore Water.
