Karnataka govt approves 91 investment projects worth INR 7,660 cr

Source : PTI | The Karnataka government has cleared 91 industrial investment proposals worth INR 7,659.52 crore with the potential to generate 18,146 jobs.

The State Level Single Window Clearance Committee (SLSWCC) headed by Minister for Large and Medium Industries, and Infrastructure Development M B Patil met on Friday and approved 26 projects involving more than INR 50 crore investment, totaling INR 5,750.73 crore. These hold the potential to create 13,742 jobs.

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

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

Eight projects with an additional investment of INR 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 INR 489.50 crore, Aequs Consumer Products Private Ltd Unit 3 in Dharwad District with an outlay of INR 456 crore.

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