HDK promises ₹4,000 crore investment to revive VISP at Bhadravati

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Union Minister for Steel and Heavy Industries H.D. Kumaraswamy addressing a property   league  successful  Shivamogga connected  Sunday.

Union Minister for Steel and Heavy Industries H.D. Kumaraswamy addressing a property league successful Shivamogga connected Sunday. | Photo Credit: S.K. Dinesh

Union Minister for Steel and Heavy Industries H.D. Kumaraswamy has said ₹4,000 crore volition beryllium invested to revive the Visvesvaraya Iron and Steel Plant (VISP), a subsidiary of the Steel Authority of India, astatine Bhadravati successful the archetypal phase. The enactment volition commencement by January oregon February adjacent year.

He was to presspersons successful Shivamogga connected Sunday. His Ministry, Mr. Kumaraswamy said, had entrusted 2 firms with the work of preparing a elaborate task study (DPR) connected the revival of VISP. The DPR for the concern of ₹4,000 successful the archetypal signifier was ready.

“We volition guarantee that the portion is revived specified that it remains functional for the adjacent 40 to 50 years. I americium committed to the revival of the industry. In the archetypal stages, we are looking for opportunities for accumulation to proviso the needs of Railways, Defence and different sectors,” helium stated.

Mr. Kumaraswamy visited VISP connected Saturday and discussed the revival plans with officers.

Administration successful atrocious state

Further, commenting connected the functioning of the Congress authorities successful Karnataka, Mr. Kumaraswamy said that the medication was successful a atrocious state. The authorities had not been capable to walk adjacent 10% of its full Budget allocation successful respective departments successful the existent fiscal year.

By expanding taxes, the authorities had penalised the nationalist and besides it had failed to cod taxes properly.

“There is simply a shortage of ₹15,000 crore successful taxation collection. Over 65,000 teacher posts person remained vacant. The authorities intends to physique caller schools utilising the firm societal work (CSR) funds. And, to guarantee CSR funds, the authorities is contemplating a caller argumentation connected CSR funds of industries successful the State,” the Union Minister stated.

He alleged that the authorities successful the State had go inactive. Despite being a nationalist enactment with agelong history, the Congress had failed to grip the caller developments successful the State.

Leadership change

“Now the contented of enactment alteration seems to person been postponed for a mates of months. The medication volition collapse, arsenic the officers volition not perceive to anyone fixed the contiguous scenario,” helium opined.

Further, helium commented that the engagement of constabulary officials successful robbery cases accrued whenever Siddaramaiah became the Chief Minister.

Earlier, erstwhile helium was the Chief Minister, determination was a large robbery with the alleged engagement of constabulary adjacent Mysuru. “Recently, determination person been galore specified instances successful antithetic locations,” helium charged.

S.L. Bhoje Gowda, MLC, and others were contiguous astatine the property conference.

Published - November 30, 2025 07:26 p.m. IST

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