In an another uplifting development amid the silentpoundings of COVID-19, the government and private companies have planned tocreate lakhs of jobs in the near future in the state of Karnataka. The growthwill be based on fast-moving consumer goods (FMCG), the demand for which isexpected to take off once vaccine for the pandemic is administered to individualsall over the nation.
The plan for Karnataka is derived from “TransformHubballi-Dharwad: Vision 2020-2025” prepared by the state FMCG Vision Group. Thedocument was submitted by the group’s chairman and managing director of JyothyLabs Limited. The document will be studied and discussed with the stakeholdersin the mission. An additional mandate of the project is to provide an ecosystemfor ‘Atmanirbhar Bharat’ i.e. a self-reliant India.
The strategic location of Hubblli-Dharwad is due to itsconnectivity to Bengaluru, Belagavi, Hyderabad, Pune, and Mumbai. Such an advantageouslocation permits a potential for business of 12,000 to 15,000 crore every yearinitially to reach about 25,000 crore when the project is fully commissioned.
To enable this boost in socio-economic activity due to theproposed FMCG cluster, around five lakh pairs of hands will be required indirect and indirect jobs across skill levels, claimed the state IndustryMinister Jagadish Shettar. He went ahead to claim that the project will leadthe next industrial revolution and contribute the nation’s aim of $5 trillioneconomy by 2025.
The development of the cluster will be completed at separatelocations. There will be three phases, each involving Rs 2,500 crore investmentwith participation of 50 FMCG companies. Each phase will be built in 500 acresof contiguous land and around 50,000 jobs are expected to be created during thedevelopment. These initial jobs will employ 80% workforce from localpopulation. And in the spirit of equal opportunity, 50% of the team will be women