Karnataka approves 59 projects with Rs 3,456 cr investment

Bengaluru: The State Industries and Commerce Department has cleared a total of 59 investment proposals worth Rs 3455.39 crore promising 18567 jobs. The 137th State Level Single Window Clearance Committee (SLSWCC) meeting was held under the chairmanship of Murugesh R Nirani, Minister for Large and Medium Scale Industries at the Karnataka Udyog Mitra office.
The committee considered and approved 11 important large and medium-sized industrial projects with investments of more than Rs 50 crore. These projects worth Rs 2186.70 crore are expected to create employment opportunities for 10559 persons in the state.
At the SLSWCC meeting, 46 new projects with investments of more than Rs 15 crore and less than Rs 50 crore were also cleared. These projects worth Rs 1049.19 crore would generate jobs for 8008 people in Karnataka. Two projects of additional investment have also been approved, which will result in an investment of Rs 219.50 crore and would generate massive employment opportunities. In total, 59 investment proposals worth Rs 3455.39 crore promising 18567 jobs were approved in the meeting.
Dr E V Ramana Reddy, Additional Chief Secretary to Government, Commerce, and Industries, Gunjan Krishna, Commissioner for Industrial Development, and Director of Industries and Commerce of Karnataka, Gangadharaiah, Managing Director, Karnataka Udyog Mitra Bengaluru, R. Girish, CEO, KIADB, and other senior officers of the department were present.
The major investment/project proposals approved
• M/s Mysore Steel Limited, Mysore Rs 405.43 cr,
• M/s NIDEC Industrial Automation India Private Ltd., Bengaluru, Rs 350 Cr,
• M/s Ceylon Beverage Can Pvt Ltd, Chennai, Tamil Nadu, Rs 256.3 Cr
• M/s Balaji Wafers Pvt Ltd. Ahmedabad, Gujrat, Rs 251.25 Cr
• M/s Manjushree Technopack Limited, Bengaluru, Rs 153 Cr
• M/s Ksiroda Indian Pvt Limited, Bengaluru, Rs 138 Cr
• M/s Mahamanav Ispat Private Limited, Bellary, Rs 90 Cr
• M/s A.C.R. Projects Bengaluru, Rs 85 Cr
• M/s Neobee Solution Private Limited, Bengaluru Rs 50 Cr
• M/s Abhay Agro Foods Private Limited, Koppala, Rs. 32.65 Cr