Hubballi-Dharwad InfoKarnatakaNewsNorth Karnataka

Hubballi-Dharwad To Be FMCG Hub Of South India, Create 5L Jobs In 5 Years

HUBBALLI: Hubballi-Dharwad will be the FMCG hub of South India, generate a turnover of Rs 25,000 crore and create five lakh jobs over the next five years, according to a vision document submitted to the state government on Friday, October 2.

Ullas Kamath, Joint Managing Director,  Jyothi Labs Ltd, and chairman of the vision group, submitted the Transform Hubballi-Dharwad: Vision 2020-2025 to Industries Minister Jagadish Shettar in Bengaluru.

The document outlines the need to transform Hubballi-Dharwad to ensure the overall development of North Karnataka.

FMCG is short for fast-moving consumer goods. It refers to all products that are quickly sold. For example, packaged food, beverages, toiletries, cosmetics, candies, etc.

An industrial cluster means a large zone where FMCG companies will be located. The vision documents that the FMCG cluster will account for 35% of the Hubballi-Dharwad region’s economic growth over the next five years.

The FMCG cluster development will be proposed in three phases, with each phase comprising an investment of Rs 2,500 crore from 50 FMCG companies (an average investment of Rs 50 crores each), Kamath said.

“Each phase will generate 50,000 jobs, with 80% of jobs reserved for the domiciles, and 50% for women. Each phase is expected to occupy an area of around 500 acres,” he added.

Hubli-Dharwad was identified given its connectivity with the consumer markets of Bengaluru, Belgaum, Hyderabad, Pune, Mumbai, and Hubballi- Dharwad itself is a growing market.

The cluster seeks to change the social demographics of the Hubballi-Dharwad region, with almost Rs 12,000-Rs 15,000 crore of economic transactions in the association of the cluster, according to the release.

Shettar said that the government had announced the setting up of the FMCG cluster in Dharwad during the last budget and that the vision group was formed to fulfil that promise. The government will study the vision report and hold discussions with various stakeholders to set up the cluster in the coming days, he said.

Please follow and like us:

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button
Close