The Karnataka Industrial Areas Development Board (KIADB) has initiated stringent actions against numerous industrialists across the State for failing to fulfil project obligations on government-allotted land. The department issued notices to a total of 1,061 industrialists from all 30 districts of Karnataka throughout January, signalling an effort to ensure adherence to the Board’s terms.
Land unutilised
Under the terms set by KIADB, industrialists who were granted land leases for 10 years must complete project within five years of acquiring the lease. However, over the past decade, 1,061 industrialists from across the the State and Bengaluru have failed to complete construction projects, leaving a total of 7,002.93 acres of government land unutilised.
