Karnataka Govt clears investment proposals worth Rs.4,236 cr

The meeting cleared the projects giving a big push to industrial growth amid Covid third wave

January 8, 2022

87 Industrial projects with investment of Rs.4,236 cr approved, over 12,251 jobs to be created in Karnataka

On Friday, the Industries Department said that Karnataka has approved 87 industrial projects worth Rs.4,236.26 crore that would generate jobs for over 12,251 persons in the state. The decision is said to boost the industry amid the COVID-19 slowdown and surge in cases.

Large and Medium Scale Industries Minister Murugesh Nirani chaired the 128th State Level Single Window Clearance Committee (SLSWCC) meeting. The meeting cleared the projects late on Thursday, giving a big push to industrial growth amid Covid third wave

The 128th SLSWCC meeting has also cleared 74 new projects with investments of more than Rs.15 crore and less than Rs.50 crore were cleared. The projects worth Rs.1,249.46 crore would generate jobs for 7,591 people in the state.

The committee has considered and approved 13 important large and medium-size industrial projects. These projects worth Rs.2,986.80 crore are expected to create employment opportunities for 4,660 persons in the state.

The new investments include Siemens Healthcare (Rs.313.20 crore, 270 jobs), Tecchren Batteries (Rs.480 crore, 200 jobs), Neotrex Steel (Rs.340 crore, 150 jobs), Supreme Sugars (Rs.306.82 crore, 315 jobs), Pawan Shakti Papers (Rs.276 crore, 1,000 jobs), Tantia Papers (Rs.276 crore, 1,000 jobs) and SATS Food Solutions India (Rs.210 crore, 310 jobs).

Among new investments approved are Tecchren Batteries Private Ltd – Rs.480 crore, Employment – 200, a Rs.340 crore project by Neotrex Steel Private Ltd with employment potential for 150 persons, Rs.313.20 crore investment by Siemens Healthcare Pvt Ltd with 270 jobs, Rs.306.82 crore project by Supreme Sugars Private Ltd with estimated job creation for 315 persons, a Rs.276 crore project by Pawan Shakti Papers Private Ltd with employment generation for 1,000 people, a Rs.276 crore investment by Tantia Papers Private Ltd, employment – 1,000 and Rs.210 crore investment by SATS Food Solutions India Private Ltd which is expected to create 310 jobs.

[With Inputs from IANS]

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