The recently concluded Global Investors’ Meet (GIM) has a lot to offer to Mysore with 506 new industries being proposed in the city.
The city has four industrial areas with engineering, automobile and agriculture as the major industries. The new industries have signed a Memorandum of Understanding (MoU) during the GIM. Large scale, micro manufacturing and small industries are the frontrunners among the industries. The new industries will generate 65,000 jobs with Rs 16,328-crore investment.
“Various proposed industries include agro-tech, electronic and hardware, energy and environment, infrastructure, automobile, health tourism, textile, tourism, educational hubs, animal and husbandry and other industries including small and microfinance industries,” said Sudhakar Shetty , president, Mysore chamber of commerce and industries. Speaking to TOI, Shetty added: “Most of the proposed industries belong to Mysore entrepreneurs, both large and small industries, and it will boost both industries and investors.”
Service and automobile giants likeTCS and Honda too have shown interest to invest in industry. However, the hitch remains with connectivity issues including air and road services. Even the chief minister has taken note of the issue, said Shetty.
“GIM will not become a success in two days unless all the MoU-signed industries emerge in Mysore. DIC and KIADB has a major role to play with its continuous follow up with MoU-signed industries” he asserted.
Shetty expressed that Mysore has an advantage as it is in the centre of the state and free from riots and communal violence.
Human resource is another advantage for investors in Mysore as there are 33,800 jobseekers, including 3,500 graudates, 2,700 ITIs and 3,730 diploma holders, he pointed.
Shetty said that no further acquiring of land would be necessary as 2,794 acres land is sufficient for the industries. Even farmers came forward to give 5,500 acres of infertile land. Small scale industries will be given more preference as they consume less land and offer lot job opportunities, he added.
Speaking about major industries emerging in Mysore, Shetty said textile, tourism, infrastructure, health and pharma sectors were given preference as they suited the region and were in demand. Health tourism, which includes yoga and other health practices, has more potential to the heritage city, he added.
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