Karnataka to set up industrial township at Kolar Gold Field
![](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2021/08/9107f7ec83a805a4a537f189244b872c.jpg)
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
https://t.me/InvestmentGuruIndiacom
Download Telegram App before Joining the Channel
The Karnataka government is planning to turn abandoned 3,212 acres of Kolar Gold Field (KGF) into an Industrial township. Murugesh Nirani, Minister for Large and Medium Industries has already submitted a proposal in this regard to the central government.
KGF is presently under Bharath Gold Mines Limited and after conducting the drone survey, the central government has said that mining is not feasible here.
Against this backdrop, a request has been made to Union Minister for Coal and Parliamentary Affairs Pralhad Joshi to convert available land at KGF into an Industrial township, explained minister Murugesh Nirani on Wednesday evening.
"This would help the development of Bengaluru Rural, Kolar, Chikkaballapur and surrounding areas. KGF is located within a distance of 100 kilometres from Bengaluru which has world-class highways, KempeGowda International Airport (KIAL), railway connection," he stated.
KGF falls between Bengaluru-Chennai Industrial corridor and it will help industrial development in the region and the creation of employment," Murugesh Nirani said.
He further stated that union minister Pralhad Joshi has assured him that he would send a team to study the feasibility and has also promised all help from the central government to utilise the land at KGF, he added.
For over a century KGF has been known for gold mining. The mine was closed on February 28, 2001, for environmental and economic reasons. The Kolar Gold mines were nationalised in 1956 and provided a total of over 900 tonnes of gold.
KGF shot to fame again after a movie named after it went on to become a blockbuster in India.
![](https://portfolio.investmentguruindia.com/uploads/news/insurance 123.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Axis Securities Ltd.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Wipro.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/2b1715f7e03b51b0ac9c014eb224fc1f.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/gdp22.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Geojit Financial Services.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Dollar retures 2.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/health22.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Arvind Kapil, MD and CEO, Poonawalla Fincorp.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/stock8.jpg)
More News
![](https://portfolio.investmentguruindia.com/uploads/news/Founders together (2).jpg)
Consumer Foods Brand ``Yu`` raises INR 20 CR in Follow-on Series A Funding taking total fund...
![Ujjivan Small Finance Bank enhances free doorstep banking services for senior citizens and differently-abled customers](https://portfolio.investmentguruindia.com//uploads/news/Ittira Davis MD Ujjivan Small Finance Bank.jpg)
![Innovative International Acquisition Corp. and Zoomcar, the World`s Largest Emerging Market Focused Car Sharing Platform, Announce Effectiveness of Registration Statement on Form S-4, Date of IOAC`s Extraordinary General Meeting to Approve Proposed Busine](https://portfolio.investmentguruindia.com/uploads/news/4f9769c81646720e18843792aae986da.jpg)
![India to lift all domestic flight capacity restriction from October 18](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2021/10/237cfc60165e1f54ef273a3e42bf35bd.jpg)