Karnataka: LPG pipeline between Hassan-Secunderabad gets nod
Meanwhile, four districts of South Karnataka region are expected to witness huge flow of investment with many companies showing interest in industrially backward districts
Mysuru: Hassan district will soon get another LPG pipeline after Mangaluru-Bengaluru pipeline. The 72nd Land Audit Committee (LAC) meeting held recently has given a green signal to the ambitious HPCL LPG pipeline between Hassan and Cherlapally at Secunderabad in Telangana. This is a 680-kms pipeline. According to the proposal, the company will invest Rs 680 crore in this project which is expected to ease the burden of LPG transport between Hassan and neighbouring Telengana.
Meanwhile, four districts of South Karnataka region are expected to witness huge flow of investment with many companies showing interest in industrially backward districts.
According to the proposal, HPCL pipeline will go through Arsikere in Hassan, Tiputur and Chikkanayakanahalli in Tumakur, and Hiriur and Sira in Chitradurga. Officials from Karnataka Udyoga Mitra said that the project is expected to create hundreds of indirect jobs as it is a labour intensive project.
According to Revanna Gowda, MD, Karnataka Udyoga Mitra, the project is also beneficial to Hyderabad. “Already HPCL has laid a pipeline between Mangaluru and Bengaluru. From Hassan, LPG will be supplied to Hyderabad through this new project,” he said.
Meanwhile, Mysuru, Chamarajanagar, Mandya and Hassan districts witnessed a flurry of investment proposals in the last few months. A total of Rs 1,692 crore investment has been proposed in Mysuru, Chamarajanagar, Mandya and Hassan, which includes the HPCL pipeline project.
The important proposals include R 270 crore investment by First Steps Babywear Pvt. Ltd in Chamarajanagar, Rs 154 crore investment by Sutlej Textiles and Industries in Chamarajanagar, and Rs 100 crore investment by Triveni Engineering and Industries in Mysuru. These projects are expected to generate about 3,400 jobs.
Revanna Gowda, managing director, Karnataka Udyoga Mitra, said investors are showing more interest in in the districts of Southern Karnataka, especially Mysuru, Hassan and Chamarajanagar. The investment atmosphere is good now. More and more investors are coming forward, he said.