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Karnataka Approves 91 Investment Projects Worth Rs 7,659 Crore, Creating 18,146 Jobs

The Busy Brains

17 Sept 2023

The State Level Single Window Clearance Committee gives the green light to industrial investments by notable companies like Maruti Suzuki and Tata Semiconductor, promising significant job opportunities.

The Karnataka government has granted approval to 91 industrial investment projects, amounting to Rs 7,659.52 crore in investment and the potential creation of 18,146 job opportunities. This approval was provided by the State Level Single Window Clearance Committee (SLSWCC), led by M B Patil, the Minister for Large and Medium Industries and Infrastructure Development.

During a recent meeting, the committee gave the green light to 26 projects with investments exceeding Rs 50 crore, totaling Rs 5,750.73 crore in investments. These projects are expected to generate 13,742 jobs, making a significant contribution to the state's employment sector.

Notable investors in these projects include Maruti Suzuki India, Aequs Consumer, South West Mining, Tata Semiconductor, and Krypton (India) Solutions Private Ltd.

Among the approved proposals, 57 are investment projects ranging from Rs 15 crore to Rs 50 crore, totaling Rs 1,144.94 crore. These projects are poised to create 4,404 jobs within the state. Additionally, the committee approved eight projects representing an additional investment of Rs 763.85 crore.

Some of the noteworthy approved projects include Pratibha Patil Sugar Industries Pvt in the Vijayapura district with an investment of Rs 489.50 crore. Another significant project is the Aequs Consumer Products Private Ltd Unit 3 in the Dharwad District, which is set to have an expenditure of Rs 456 crore. The establishment of Tata Semiconductor Assembly and Test Private Limited in Kolar with an investment of Rs 200 crore will provide employment opportunities for 155 individuals. Other notable projects include Maruti Suzuki India Ltd in Nelamangala, Bengaluru Rural District, with an investment of Rs 137.6 crore, and South West Mining Limited in the Ballari district with a fund allocation of Rs 411 crore, expected to employ 65 individuals.

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