Public private partnership model is adopted by Karnataka government
The Karnataka government is planning to launch 190 infrastructure-related projects under the public-private partnership (PPP) and plans to introduce the Infrastructure Bill.
The Infrastructure Bill is expected to provide the much-needed boost to infrastructure projects in Mysore, Bangalore and other places in the state, with the highest government official being in charge of the entire process.
The Bill also aims to provide the creation of a Karnataka Viability Gap Fund to the tune of Rs 500 crore to aid these infrastructure projects besides tapping some of the similar such funds of the Central government.
The state has initiated a unique ‘Land Bank’ in which about 1.19 lakh acres suitable for industries have been identified.
KIADB has already initiated acquisition of most of this land and is also ready to offer it to investors.
The government is also planning to introduce bills to smooth transfer of land to the industry, single-window clearances on various licenses, so that the infrastructure facility will go a long way in getting more investments into the State.
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Source: The Hindu Business Line
Infrastructure Bill, Infrastructure projects, Karnataka government, projects in Mysore, Public-private partnership
