Karnataka Govt Approves 91 Investment Projects Worth Rs 7,660 Cr
Karnataka Govt Approves 91 Investment Projects Worth Rs 7,660 Cr

BANGALORE: The Karnataka government has given the green light to 91 investment initiatives valued at a substantial Rs 7,660 crore, as announced in Bengaluru. The State Level Single Window Clearance Committee (SLSWCC), under the leadership of Minister MB Patil, has played a pivotal role in this approval process.

Minister Patil revealed that these investment ventures carry the potential to create a staggering 18,1416 employment opportunities within the state. Among the approved projects, 26 are set to receive investments exceeding Rs 50 crore, totaling an impressive Rs 5,750.73 crore. These ventures alone are expected to generate 13,742 jobs within the state, as highlighted by the Karnataka minister.

Noteworthy investors in this endeavor include prominent names like Maruti Suzuki India, Aequs Consumer, South West Mining, Tata Semiconductor, and Krypton (India) Solutions Private Ltd, among others.

Officials have further disclosed that of the 91 proposals in total, approximately 57 investment projects, with an estimated cumulative expenditure of Rs 1,144.94 crore, hold the potential to create 4,404 employment opportunities in the state. In addition, eight more projects, with an additional investment of Rs 763.85 crore, have also received approval from the Committee.

The meeting witnessed the presence of key figures in the government, including Principal Secretary of Commerce and Industries S Selvakumar, Commissioner for Industrial Development Gunjan Krishna, Secretary of the Department of Labour Mohammad Mohsin, Chief Executive Officer of Karnataka Industrial Area Development Board M Mahesh, Director of the Department of IT/BT Doddabasavaraju, and Managing Director of Karnataka Udyog Mitra Darshan H V.

Cauvery Dispute: Tamil Nadu Farmers to Stage 'Rail Roko' Protest on September 19

Karnataka Prepares for a 30% Increase in Real Estate Guidance Values

Join NewsTrack Whatsapp group
Related News