Mysore Airport expansion – News in detail
At last, it looks like Mysuru doesn’t have to wait any longer to get air connectivity to far-flung Metros and commercial centers of India. The dream of having a full-fledged expanded airport is seen to be realized with the state government now releasing Rs. 100 Crores for land acquisition.
The required land for airport expansion is 240 acres
The Rs. 100 Crores is the second instalment out of ₹319.13 Crores that has already been sanctioned for the project, which entails the purchase of 240 acres of land from the farmers. Earlier, the government had sanctioned Rs. 50 Crores for the project.
The government has fixed the compensation at ₹1.5 Crores per acre. The amount is to be used exclusively for land acquisition. So far the KIADB has already acquired 206.22 acres of land for which the compensation is pending.
The airport expansion involves extending the runway from 1,740 m to 2,400 m to facilitate the operation of bigger Boeing and Airbus planes from the city. At present, only ATR planes with short-distance ranges operate to and from Mysuru. Stakeholders supportive of the project have opinioned that operating long-haul flights to connect to all major cities across India, is a must for the industrial growth of Mysuru. The city should also be on the International air network to fully exploit its business and tourism potential.
Expanded Airport is a boon to the Mysuru Semicon fab
The airport project will be the icing on the cake for the country’s first semiconductor plant, which would be established in Mysuru soon. Israeli firm ISMC Analog Fab Pvt. Ltd. is slated to invest nearly ₹22,900 crores in Mysuru to establish a state-of-the-art semiconductor plant, which is in sync with the long-term plans of promoting knowledge-based industries in Mysuru.
The Semicon will unleash the creation of lots of electronic system design and manufacturing (ESDM) ancillary units in the region, which will propel job creation for the young and restless youngsters of Mysuru, who are raring to go.
Overall, the expanded airport and Semicon fab will boost the local economy like never before.