The Karnataka government has given the green light to 62 investment projects amounting to a total of Rs 3,607 crore. These projects, approved by the State Level Single Window Clearance Committee (SLSWCC), are anticipated to create job opportunities for around 10,755 individuals within the state, as mentioned in an official release on Wednesday.
Led by M.B. Patil, Minister for Large and Medium Industries and Infrastructure Development, the SLSWCC committee sanctioned eight projects involving investments exceeding Rs 50 crore, totaling an impressive Rs 2,088.44 crore. These projects alone are expected to generate 6,360 jobs.
Prominent investors contributing to these projects include Texcon Steels, Hundri Sugars and Ethanol Private Ltd, Bren Life Sciences, Alpine Ethanol, Virupaksha Laboratories, and Qualcomm India, among others.
Among the 62 proposals, approximately 51 projects fall within the investment range of Rs 15 crore to Rs 50 crore, accumulating to Rs 941.40 crore, promising to create 4,395 employment opportunities within Karnataka.
Additionally, the committee also greenlit three projects entailing an added investment of Rs 577.35 crore.