Karnataka Government Approves 91 Investment Projects Worth INR 7660 Crore

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Karnataka Government
Karnataka Government

BENGALURU: The Karnataka State Level Single Window Clearance Committee (SLSWCC) has given the green light to 91 industrial investment proposals worth INR 7660 crore. The committee, headed by Shri. M.B. Patil, Honorable Minister for Large and Medium Industries and Infrastructure Development, approved 26 projects involving more than INR 50 crore investment, totaling INR 5750.73 crore. These projects hold the potential to create 13,742 jobs.

Some of the top investors include Maruti Suzuki India, Aequs Consumer, South West Mining, Tata Semiconductor, and Krypton (India) Solutions Private Ltd, among others. Of the total 91 proposals, about 57 investment projects are between INR 15 crore to INR 50 crore, totaling INR 1144.94 crore, promising employment generation potential of 4404 within Karnataka.

Eight projects with an additional investment of INR 763.85 crore were also approved by the committee. The meeting was attended by 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, and Doddabasavaraju, Managing Director of Karnataka Udyog Mitra.

The approved investment proposals include M/s Pratibha Patil Sugar Industries Pvt, M/s Gurudev BioRefineries & Allied Industries Private Limited, M/s Devashree Ispat Private Limited, M/s. Aequs Consumer Products Private Limited Unit 3, M/s. Integrated Solar Power Private Limited, M/s South West Mining Limited, M/s Shashi Alloys Private Limited, M/s SFS Group India Private Limited, M/s Mysore Petro Chemicals Limited, M/s Lam Research India Pvt Ltd, M/s Tata Semiconductor Assembly And Test Private Limited, and M/s Maruti Suzuki India Limited.

This move by the Karnataka government is expected to boost the state’s economy and create job opportunities for its citizens. The SLSWCC’s approval of these investment proposals is a positive step towards achieving the state’s goal of becoming a leading industrial hub in the country.

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