The Karnataka Industrial Area Development Board (KIADB) plans to develop new industrial areas in eight districts. These new parks are expected to be made available in 2022-23.
It will develop Harohalli fifth phase in Ramanagara, Gauribidanur third phase in Chikkaballapura, Madhugiri industrial area in Tumkur, Jakkasandra second phase in Kolar, Kuduragundi industrial area in Mandya, Arasikere industrial area in Hassan, Kadechur second phase in Yadgir and Obalapura industrial area in Bengaluru Rural.
KIADB has developed 188 industrial estates across the state so far and basic infrastructure facilities are in good condition.
The government has released an amount of Rs 525 crore under Critical Infrastructure Development Scheme to upgrade infrastructure facilities in old industrial areas.