Kumaraswamy announces Rs 15,000 cr revival plan for Visvesvaraya factory

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Kumaraswamy announces Rs 15,000 cr revival plan for Visvesvaraya factory - Business Standard

Quick Summary:

Union Minister for Heavy Industries and Steel, H D Kumaraswamy, announced on Sunday plans to revive the Sir M Visvesvaraya Iron and Steel Factory in Bhadravati with an estimated investment of Rs 15,000 crore.

Speaking at the 87th All India Kannada Literary Conference in Mandya, the Minister stated that this decision aligns with the Modi government's efforts to address unemployment and focus on industrial growth in Karnataka.

The Minister highlighted the historical significance of the Bhadravati factory, established under Mysuru Maharaja Nalvadi Krishnaraja Wadiyar and Bharat Ratna Sir M Visvesvaraya.