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Home National Karnataka Bengaluru

Karnataka Govt approves 91 investment projects worth ₹7,660 cr, to create 18,146 jobs

by Nav Jeevan
2 years ago
in Bengaluru, Breaking News, Business, Capital Market, Employment Opportunities, Karnataka, National, Youth
Reading Time: 2 mins read
0
0
Karnataka Govt approves 91 investment projects worth ₹7,660 cr, to create 18,146 jobs

Minister for Large and Medium Industries, and Infrastructure Development MB Patil chairs the State Level Single Window Clearance Committee on Friday.-NE photo

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  • Eight projects with an additional investment of ₹ 763.85 crore were also approved by the committee
  • Some of the top investors include Maruti Suzuki India, Aequs Consumer, South West Mining and Tata Semiconductor, and Krypton (India) Solutions Private Ltd among others

NE BUSINESS BUREAU

BENGALURU, SEPT 17

The State Level Single Window Clearance Committee (SLSWCC) on Friday cleared 91 industrial investment proposals worth ₹7,659.52 crore with an employment generation potential of 18,146 within the state, an official statement said on Saturday.

The SLSWCC committee headed by MB Patil, Minister for Large and Medium Industries, and Infrastructure Development approved 26 projects involving more than ₹50 crore investment, totaling ₹5,750.73 crore. These hold potential to create 13,742 jobs.

Some of the top investors include Maruti Suzuki India, Aequs Consumer, South West Mining and Tata Semiconductor, and Krypton (India) Solutions Private Ltd among others.

Of the total 91 proposals, about 57 investment projects are between ₹15 crore and  ₹50 crore totaling ₹1,144.94 crore, promising employment generation potential of 4,404 within Karnataka.

Eight projects with an additional investment of ₹763.85 crore were also approved by the committee.

Major investment proposals approved in the meeting include setting up Pratibha Patil Sugar Industries Pvt in Vijayapura district at an investment of ₹489.50 crore, Aequs Consumer Products Private Ltd Unit 3 in Dharwad District with an outlay of ₹456 crore.

Also, Tata Semiconductor Assembly and Test Private Limited at Kolar with an investment of ₹200 crore and employment to 155; Maruti Suzuki India Ltd at Nelamangala in Bengaluru Rural District with investment of ₹137.6 crore; South West Mining Limited at Musinayakanahalli and Torangallu Village in Sandur taluk of Ballari district with investment of ₹411 crore and employment to 65 people, among others.

Principal Secretary of Commerce and Industries Dr S Selvakumar, Gunjan Krishna, Commissioner for Industrial Development, Mohammad Mohsin, Secretary, Department of Labour, Dr. M Mahesh, CEO, KIADB, Darshan H V, Director, Department of IT/BT, Doddabasavaraju, Managing Director of Karnataka Udyog Mitra were present at the meeting.

Tags: 18146660 crore91approvescreategovtinvestmentjobsKarnatakaprojectstoworth₹7
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