Karnataka to create additional five lakh jobs by 2025

Proposed FMCG cluster to not only create jobs, promote businesses, as well as contribute to ‘Atmanirbhar Bharat’

Jobs, Employment, FMCG, Karnataka, Bengaluru, Atmanirbhar Bharat, Business News,True Scoop- True Scoop

In an another uplifting development amid the silent poundings of COVID-19, the government and private companies have planned to create lakhs of jobs in the near future in the state of Karnataka. The growth will be based on fast-moving consumer goods (FMCG), the demand for which is expected to take off once vaccine for the pandemic is administered to individuals all over the nation.

The plan for Karnataka is derived from “Transform Hubballi-Dharwad: Vision 2020-2025” prepared by the state FMCG Vision Group. The document was submitted by the group’s chairman and managing director of Jyothy Labs Limited. The document will be studied and discussed with the stakeholders in the mission. An additional mandate of the project is to provide an ecosystem for ‘Atmanirbhar Bharat’ i.e. a self-reliant India.

The strategic location of Hubblli-Dharwad is due to its connectivity to Bengaluru, Belagavi, Hyderabad, Pune, and Mumbai. Such an advantageous location permits a potential for business of 12,000 to 15,000 crore every year initially to reach about 25,000 crore when the project is fully commissioned.

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To enable this boost in socio-economic activity due to the proposed FMCG cluster, around five lakh pairs of hands will be required in direct and indirect jobs across skill levels, claimed the state Industry Minister Jagadish Shettar. He went ahead to claim that the project will lead the next industrial revolution and contribute the nation’s aim of $5 trillion economy by 2025.

The development of the cluster will be completed at separate locations. There will be three phases, each involving Rs 2,500 crore investment with participation of 50 FMCG companies. Each phase will be built in 500 acres of contiguous land and around 50,000 jobs are expected to be created during the development. These initial jobs will employ 80% workforce from local population. And in the spirit of equal opportunity, 50% of the team will be women


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