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Karnataka government plans to set up a food park at Ittangihala village in Bijapur through the state-owned Food Karnataka Ltd. The proposed park will have citrus, banana, pomegranate, grape (for wine manufacturing) and other processing industries. The project is estimated to cost Rs 23.84 crore & will start operation in 30 months.
The State government has decided to extend viability gap funding facility to he project. The shortlisting of private entrepreneurs to set up their units at the park is in progress.
The State government has decided to drop the engineering sector special economic zone (SEZ) in Shimoga as no company came forward to set up a project there. The entire extent of 250 acres earlier proposed for SEZ has been allotted to the Bangalore-based Shahi Export for setting up facilities for weaving, textile and ready-made garments with an investment of Rs 533.19 crore.
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