Kumaraswamy Announces Major Industrial Revival for Mandya with Rs 1,000 Crore Investment
In a significant development for Karnataka's industrial landscape, former Chief Minister and prominent political leader H D Kumaraswamy has made a firm commitment to revive two key industries in Mandya district with a substantial investment of Rs 1,000 crore. This announcement marks a pivotal step towards economic rejuvenation in the region, addressing long-standing concerns about industrial stagnation.
Public Trust and Political Assurance
Kumaraswamy emphasized the deep connection he shares with the people of Mandya, stating, 'The blessings of the people of Mandya district are on me. I will not betray them.' This statement underscores his personal and political dedication to fulfilling promises made to the electorate, particularly in matters of economic development and job creation. The assurance comes at a critical time, as industrial revival is often linked to broader socio-economic progress in rural and semi-urban areas.
Targeted Industries for Revival
The investment is specifically earmarked for two historically significant industrial units: the Bhadaravathi steel plant and the HMT factory. Both facilities have faced operational challenges and closures in recent years, leading to job losses and economic downturns in Mandya. Kumaraswamy's plan aims to breathe new life into these establishments, potentially restoring employment opportunities and boosting local manufacturing capabilities.
Key Aspects of the Revival Initiative:- Bhadaravathi Steel Plant: Once a cornerstone of Karnataka's steel production, this plant's revival could enhance the state's metallurgical sector and supply chain resilience.
- HMT Factory: Known for its contributions to precision engineering and watch manufacturing, reopening this unit may revive a legacy brand and support skilled labor.
- Economic Impact: The Rs 1,000 crore infusion is expected to stimulate ancillary industries, improve infrastructure, and attract further investments to Mandya.
Broader Implications for Karnataka
This initiative aligns with broader efforts to strengthen Karnataka's industrial base beyond its tech hubs like Bengaluru. By focusing on Mandya, Kumaraswamy highlights the importance of regional balance in development, ensuring that growth benefits are distributed across the state. The move could set a precedent for similar revivals in other districts, fostering a more inclusive economic model.
As of the latest update on February 20, 2026, details regarding the timeline, funding sources, and implementation strategies are anticipated to be disclosed in the coming months. Stakeholders, including local communities and industry experts, are closely monitoring progress, hopeful that this pledge translates into tangible outcomes for Mandya's prosperity.
