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FMCG cluster in Karnataka to create 5 lakh jobs: Minister
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SME Times News Bureau | 02 Oct, 2020
The proposed fast-moving
consumer goods (FMCG) cluster at Dharwad will boost socio-economic
activity in northern Karnataka with more investments and employment and
create 5 lakh direct and indirect jobs, state Industry Minister Jagadish
Shettar said on Friday.
"The first FMCG cluster will be set up
at Dharwad to create 5 lakh direct and indirect jobs and generate Rs
25,000 crore sales turnover per annum when fully commissioned," Shettar
said in a statement here.
Receiving the state FMCG vision group
report on "Transform Hubballi-Dharwad: Vision 2020-2025" document,
submitted by its Chairman and Jyothy Labs Ltd Managing Director Ullas
Kamath, he said: "We will study the vision document and discuss with
stakeholders to set up the cluster soon at Dharwad, which has road, rail
and air connectivity in the region."
As Hubblli-Dharwad is
strategically located and well connected to consumer markets of
Bengaluru, Belagavi, Hyderabad, Pune and Mumbai, the cluster will have
potential to transact business worth Rs 12,000-15,000 crore per annum.
According
to the document, the cluster will spur growth in the state's northern
region and provide an ecosystem for the Central government's
'Atmanirbhar Bharat (Self-reliant India).
"Hubbali-Dharwad will
lead the next industrial revolution in Karnataka and contribute to the
country's ambitious $5 trillion economy by 2025," asserted Shettar.
The
cluster development will be in three phases, with Rs 2,500 crore
investment in each phase from 50 FMCG firms to generate 50,000 jobs, of
which 80 per cent will be reserved for locals and 50 per cent of them
for women. Each phase will be built in 500 acres of contiguous land.
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