Sun Feb 16 13:16:24 UTC 2025: ## Mysuru Designated as Special Investment Region to Boost Industrial Growth

**Mysuru, Karnataka, February 16, 2025** – The Karnataka State government has officially designated Mysuru-Thandya and Mysuru-Hebbal as Special Investment Regions (SIRs), aiming to accelerate industrialization and economic growth in the region. The notification, issued February 10th by the Department of Industries, follows years of advocacy from stakeholders.

The Mysuru-Thandya SIR encompasses several areas including Adakanahalli, Kochanahalli, and parts of Nanjangud’s industrial area, totaling over 3,799.19 acres. The Mysuru-Hebbal SIR includes Hebbal, Hootagalli, and other areas across Mysuru and Srirangapatna taluks.

While the designation has been welcomed, concerns have been raised. Suresh Kumar Jain, general secretary of the Mysuru Industries Association, points out that existing industrial layouts have simply been rebranded as SIRs, without offering the significant benefits typically associated with such zones. He also highlights the critical shortage of available land for new investors.

However, the notification does fulfill a long-standing request for an Industrial Township Authority. The KIADB (Karnataka Industrial Areas Development Board) will now act as this authority, streamlining the process for businesses by consolidating multiple permits and taxes previously levied by various local bodies. This is expected to reduce the current 30+ permit process for establishing a new industry.

Despite Mysuru’s reputation as a potential investment hub, its economic activity has largely been driven by tourism. While the city has established itself in automobile ancillary units and electronics, stakeholders believe significant land acquisition is crucial to attract further investment and truly transform the region’s industrial landscape. Concerns remain about the composition of the Industrial Township Authority board, with only two representatives from local industries.

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