Owing to its failure to get land for the proposed 6 million tonne per annum steel project in Karnataka, South Korean steel giant POSCO is considering to quit the project, reports suggest. The company is unable to get land for the project because of protests by local residents. Soon, the company would decide on whether to abandon the project, which involves setting up a steel mill i
Tag: Karnataka
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Karnataka govt to attract FDI
In order to attract Foreign Direct Investment (FDI) into the state, Karnataka government plans to set up four ĆāHelp DesksĆā at Japan, Taiwan, United States of America and Germany. Through the proposed help desks, the government would take initial steps to showcase the state before attracting investments
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Karnataka aims to utilise idle airport infra in state
Karnataka Chief Minister Siddaramaiah has said that the State government is to give a fillip to tourism and improve the air transport network in the state. For this, it will announce a new minor airport policy this year. The policy will help in utilising the existing idle airport infrastructure in the state.
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Odisha govt to introduce e-auction after conducting study
Odisha government plans to conduct e-auction of iron ore in the state after studying the same in Karnataka. For this purpose, two officials from Odisha steel and mines department and one from CSM technology would visit Karnataka and study iron ore e auction patterns, modalities and challenges in the state. Following a Supreme Court order in 2011, e-auction of minerals is being conducted in Karnataka and this in
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Odisha govt to introduce e-auction after conducting study
Odisha government plans to conduct e-auction of iron ore in the state after studying the same in Karnataka. For this purpose, two officials from Odisha steel and mines department and one from CSM technology would visit Karnataka and study iron ore e auction patterns, modalities and challenges in the state. Following a Supreme Court order in 2011, e-auction of minerals is being conducted in Karnataka and this in
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Rail projects in Karnataka get additional Rs 6 bn funds
In 2013-14, the central government would spend an additional Rs 300 crore on railway projects in Karnataka, while the state government would contribute an equivalent amount for these projects. Thus, a total of Rs 600 crore would be spent on rail projects in the state during the current financial year over and above what was budgeted. The Union Railway budget 2013-14 allocated Rs 900 crore for rail projects in the state. Including electrification and doubling of tracks, it would top Rs 1200 Rs 1
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Karnataka to float fresh bids for BDA layout road works
The Karnataka on July 4 submitted before the High Court that fresh tenders would be called for execution of road works in the controversial Nadaprabhu Kempegowda Layout, near Kengeri, and that it would revoke the previous tenders. The Government Counsel R DevĆĀdas, in his submission before the High Court, which was hearing a petition regarding controversial financial tender/bids for executing the road works, said fresh tenders would be called shortly to award the works afresh.
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Govt submits Maritime Board Bill for President assent
R Mohan, director of Ports and Inland Water Transport at Karnataka government said the Karnataka Maritime Board Bill is awaiting the approval of the President of India. The state legislature passed the Bill in 2011 and it was submitted to the President for assent, he said. With a view to take up various developmental projects and to maintain ports along the 300-km-long coastline of Karnataka, the state government wants to set u
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KIOCL wants govt to clear mining lease applications
Malay Chatterjee, Chairman and Managing Director of KIOCL informed media persons that the Karnataka government was yet to provide clearance for the firm's over 20 applications for mining lease. For more than seven years, the Karnataka-based central public sector mining firm has been out of job with out any captive mines
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Tata registers wind energy plant in Karnataka
Tata Power has registered its 50.4 MW wind energy plant at Gadag in north Karnataka. As the project has been set up under the clean development mechanism (CDM) programme of the United Nations Framework Convention on Climate Change (UNFCCC),