Karnataka Industrial Areas Development Board, a Government of Karnataka Undertaking, has allotted 10.02 acres of land to Chembond Material Technologies Limited (formerly Chembond Chemicals Limited) at Kanagala Industrial Area (Sub Layout), Belagavi District, for establishing manufacturing unit on lease-cum-sale basis.

The land will be utilised to establish a unit for manufacturing of metal treatment chemicals, automotive sealants, engineering adhesives, industrial & high performance coatings, paint booth solutions and Maintenance Repair Overhaul (MRO) products and biosciences.

The tentative cost of the said plot is Rs. 7.94 crore.