K’taka Govt Approves Investments Worth Rs 7,660 Cr


The Karnataka government approved investment proposals worth Rs 7,659.52 crore set to create 18,146 jobs. The decision was undertaken by the State Level Single Window Clearance Committee (SLSWCC), held by Industries and Infrastructure Development Minister, MB Patil.

The Committee on Friday (15 September) approved 26 projects with approximately 50 crore investment, amounting to Rs 5,750.73 crore. It is expected to create job opportunities for 13,742 positions.

The stakeholders involved in the process stated that 57 out of 91 investment projects, with a value between Rs 15 to Rs 50 crore, totaling 1,144.94 crore, will generate employment opportunities for 4,404 positions across the state.

Some of the valued investment proposals given the nod include Pratibha Patil Sugar Industries in Vijayapura district at an investment of Rs 489.50 crore, Aequs Consumer Products Unit 3 in Dharwad District with an outlay of Rs 456 crore.

Similarly, among others, Tata Semiconductor Assembly and Test Private in Kolar with an investment of Rs 200 crore will generate employment for 155; Maruti Suzuki India at Nelamangala in Bengaluru Rural district will invest Rs 137.6 crore; South West Mining at Musinayakanahalli and Torangulu Village in Sandur Taluk of Ballari district with an investment of Rs 411 crore will create employment for 65 people.

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