To attract cross-border investments the Karnataka Industrial Area Development board (KIADB) has initiated acquiring 2000 acres of land in the border districts of Kolar and Chikkaballapur districts.
Further, in Kolar district an extent of 511.12 acres for development of Vemgal 2nd Phase and 743.04 acres for Bhuvanahalli Industrial area are under the final stage of acquisition. Also, an extent of 615.10 acres for development of Vemgal 3rd Phase Industrial area,about1489.25 acres for development of Mastenahalli 3rd Phase Industrial area & around 1000 acres at Chikkaballapur Industrial area and an extent of around 2000 acres adjoining to Chennai – Bengaluru express – way are being identified for land acquisition for development of industrial areas. The Committee suggested expediting the process of acquisition by KIADB.