Karnataka Govt approves 91 investment projects worth ₹7,660 crore
The Hindu
91 industrial investment proposals worth ₹7,659.52 crore with potential to create 18,146 jobs were approved by Karnataka's SLSWCC. 57 projects between ₹15-50 crore, 8 projects worth ₹763.85 crore and 3 major projects with ₹1,448.99 crore investment were approved.
The State Level Single Window Clearance Committee (SLSWCC) on September 16 cleared 91 industrial investment proposals worth ₹7,659.52 crore with an employment generation potential of 18,146 within Karnataka.
The SLSWCC committee headed by Minister for Large and Medium Industries and Infrastructure Development M.B. Patil approved 26 projects involving more than ₹50 crore investment, totalling ₹5,750.73 crore. These alone have the 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 were between ₹15 crore to ₹50 crore totaling ₹1,144.94 crore, promising employment generation potential of 4,404. Eight projects with an additional investment of ₹763.85 crore were also approved by the committee.
Some of thr major investment/project proposals approved include Pratibha Patil Sugar Industries, in Kannur Village, Vijayapur District with an investment of ₹489.50 crore, Gurudee BioRefineries & Allied Industries Private Limited at Tadavalaga, Vijayapura District with an investment outlay of ₹488.49 crore and Devashree Ispat Private Limited, at Halwarti Village, in Koppal which involves an investment of ₹470 crore.
Principal Secretary of Commerce and Industries S. Selvakumar, Commissioner for Industrial Development Gunjan Krishna, Secretary of Department of Labour Mohammad Mohsin were party of the meeting.
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