Latest news with #KSIIDC
Hans India
02-06-2025
- Business
- Hans India
State's first flight training organisation soon at Kuvempu Airport
Shivamogga: Karnataka's first-ever Flight Training Organization (FTO) will be established at the Rashtrakavi Kuvempu Airport in Shivamogga, state Industries Minister M.B. Patil announced. The facility aims to boost Karnataka's capabilities in the aviation sector and marks a significant milestone, as this is the first and only airport currently managed directly by the state government. The Karnataka State Industrial and Infrastructure Development Corporation (KSIIDC) will provide the required infrastructure and support for the FTO's operations. In the first phase, the institution plans to train 100 cadets, with 50 students to be admitted in the inaugural year. Notably, 25 percent of the seats will be reserved for Karnataka students and women candidates, who will also receive fee concessions. The training institute will span 3,500 square meters and include flight hangars, simulators, classrooms, a library, briefing rooms, and a radio telephony training center. All facilities will be built in compliance with the standards laid out by the Directorate General of Civil Aviation (DGCA), the Ministry of Civil Aviation (MoCA), and the Bureau of Civil Aviation Security (BCAS). Minister Patil shared via X (formerly Twitter) that the tender process has already begun and the institution is expected to commence operations within three months. Full-scale operations are projected to begin within nine months of signing the agreement. The Rashtrakavi Kuvempu Airport, inaugurated by Prime Minister Narendra Modi on February 27, 2023, is located about 15 kilometres from Shivamogga city in Sogane. It features a 3,200-meter runway, making it the second-longest in the state after Bengaluru's Kempegowda International Airport. The runway can accommodate aircraft ranging from ATR 72 to Airbus A320, enabling a wide range of training possibilities. The establishment of the FTO is seen as a strategic step toward making Karnataka a hub for aviation training and industry-ready talent development.
Hans India
29-05-2025
- Business
- Hans India
KSIIDC presents Rs 85.90 cr dividend to government
Bengaluru: The Karnataka State Industrial and Infrastructure Development Corporation (KSIIDC) on Wednesday presented a dividend of approximately Rs85.90 crore to the state government. Large and Medium Industries Minister MB Patil handed over the dividend cheques to Chief Minister Siddaramaiah. Of the total amount, Rs 68.69 crore is regular dividend, while Rs 17.21 crore is special dividend. Additionally, Rs 3 crore was contributed to the Chief Minister's Relief Fund on the occasion. Receiving the dividend, Chief Minister Siddaramaiah said it was encouraging to see state-run enterprises posting profits. 'Such profits, when shared, will contribute to various developmental initiatives,' he added. The Chief Minister also noted that over the past two years, public sector undertakings such as KSDL and MSIL have been registering significant profits driven by forward-looking industrial and export promotion policies introduced by the state government. Those present at the event included KJ George, Minister for Energy; Dr. Shalini Rajneesh, Chief Secretary to the Government; N Manjula, Secretary, Department of Infrastructure; and Khushbu Goyal, Managing Director, KSIIDC.
The Hindu
22-05-2025
- Business
- The Hindu
Place proposal before Cabinet to seek fund release for proposed airstrip in Chikkamagaluru: M.B. Patil
The proposed airstrip project in Chikkamagaluru is getting a push as Infrastructure Development Minister M.B. Patil has directed officials to place before the State Cabinet a proposal seeking the release of ₹17.6 crore required for land acquisition for the project The directive came during a meeting attended by Energy Minister K.J. George who is also the district in-charge Minister for Chikkamagaluru along with senior officials. Airstrip projects for Chikkamagaluru and Kodagu were announced in the 2023–24 Budget and the airstrip in Chikkamagaluru aims to boost tourism and trade in the region. The Chikkamagaluru district administration has already provided 137 acres of land for the proposed airstrip, located between Chikkamagaluru and Hiremagaluru. Of this, 120 acres belongs to the government, while the remaining 17.1 are privately owned which needs to be acquired. 'The total acquisition cost is ₹24.6 crore, of which ₹7 crore has already been sanctioned and the remaining ₹17.6 crore is pending,' said Mr. Patil. The matter was under government consideration, and the Karnataka State Industrial Infrastructure Development Corporation (KSIIDC) was directed to release the remaining funds. The proposal has also been forwarded to the Finance Department, and the next step is to bring it before the State Cabinet. In addition to the airstrip, a heliport has also been planned for development at the site, he said. Mr. Patil also said that infrastructure should be developed with the capacity to handle large aircraft in the future. Accordingly, officials were directed to identify adjoining land parcels and begin the acquisition process and a team of experts from KSIIDC will be deployed for the task. On the proposed airstrip in Kodagu, Mr. Patil said that officials have been asked to resolve land acquisition issues at the earliest and to identify suitable land for the project.
