HomeBusinessKarnataka Govt Clears 91 Industrial Investment Proposals Worth Rs 7,659.52 Crore

Karnataka Govt Clears 91 Industrial Investment Proposals Worth Rs 7,659.52 Crore

Date:

Trending

Karnataka’s State Level Single Window Clearance Committee (SLSWCC) has given the nod to 91 industrial investment proposals valued at Rs 7,659.52 crore during its recent meeting. These projects have the potential to generate employment opportunities for approximately 18,146 individuals within the state.

Led by M.B. Patil, Minister for Large and Medium Industries and Infrastructure Development in the Karnataka Government, the SLSWCC approved 26 projects, each involving investments exceeding Rs 50 crore, with a cumulative worth of Rs 5,750.73 crore. These ventures are expected to create 13,742 job openings.

- Advertisement -

Some of the investors who secured approvals for their projects include Maruti Suzuki India, Aequs Consumer, South West Mining, Tata Semiconductor, and Krypton (India) Solutions Private Ltd.

Out of the total 91 proposals, approximately 57 investment projects fall in the range of Rs 15 crore to Rs 50 crore, amounting to Rs 1,144.94 crore. These projects hold the potential to generate 4,404 job opportunities within Karnataka.

Furthermore, the committee also granted approval for eight additional projects, involving an investment of Rs 763.85 crore.

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.

- Advertisement -

Following are the major business investment/project proposals approved in the meeting:

CompanyLocationInvestmentEmployment
M/s Pratibha Patil Sugar Industries Pvt.Kannur Village, Vijayapur Taluk, Vijayapur DistrictRs 489.50 crore275
M/s Gurudev BioRefineries & Allied Industries Private LimitedTadavalaga Post, Indi Taluk, Vijayapura DistrictRs 488.49 crore255
M/s Devashree Ispat Private LimitedHalwarti Village, Koppal Taluk & DistrictRs 470 crore800
M/s. Aequs Consumer Products Private Limited Unit 3Ittigatti Village, Dharwad DistrictRs 456 crore1187
M/s. Integrated Solar Power Private LimitedMindahalli Industrial area, Kolar DistrictRs 441.8 crore720
M/s South West Mining LimitedMusinayakanahalli Village and Torangallu Village, Sandur Taluq Bellary districtRs 411 crore65
M/s Shashi Alloys Private LimitedBhairanayakanahalli village, Nayakanahatti, Hobli, ChitradurgaRs 380 crore400
M/s SFS Group India Private LimitedKanagala Industrial Area, Belagavi districtRs 250 crore844
M/s Mysore Petro Chemicals LimitedDeosugar, Raichur DistrictRs 240 crore157
M/s Lam Research India Pvt LtdRaman Nagar, BengaluruRs 235.91 crore1724
M/s Tata Semiconductor Assembly And Test Private LimitedKolar Taluk and districtRs 200 crore155
M/s Maruti Suzuki India LimitedNelamangala Taluk, Bengaluru Rural DistrictRs 137.6 crore1908

THE SNAPSHOTS, IN YOUR INBOX

Get quick snaps of everyday happening, directly in your inbox.

- Advertisement -

We don’t spam! Read our privacy policy for more info.

- Advertisement -
Krishna Mali
Krishna Mali
Founder & Group Editor of TechGraph.
spot_imgspot_imgspot_imgspot_img

More Latest Stories

spot_img

Related Stories