State govt clears 128 industrial projects worth Rs 6,407 crore, generates jobs for 33,771 people

From Our Special Correspondent
Daijiworld Media Network

Bengaluru, Feb 10: The Single Window Clearance Committee headed by Karnataka’s Large and Medium Industries Minister M B Patil has approved 128 industrial project proposals with total investment of over Rs 6,407 crore.

The 143rd State-Level Single Window Clearance Committee (SLSWCC), approved the projects, which were described by the minister with a potential for generating employment for nearly 33,771 people.

The new project proposals include those submitted by Bengaluru-based companies, Gokula Education Foundation (Medical), and Rashtreeya Sikshana Samithi Trust, for investing Rs 484.33 crore and Rs 415 crore respectively.

The minister, who chaired the meeting at the Karnataka Udyog Mitra (KUM) office said that the clearance of more than 128 projects at a single meeting was an indication of the efficiency that the single-window system had ushered in for the approval process.

MB Patil said the investment projects that received the approvals would ensure equitable investment across the diverse regions of the state.

The SLSWCC approved 22 projects, the investment value of which is in excess of Rs 50 crore.

The 22 proposals, once realised, will draw a total investment of Rs 4230.64 crore, with the potential to create 24846 jobs.

As many as 104 new projects, the capital of which is in the Rs15 crore to Rs 50 crore band, were also greenlighted by the committee with Rs 2056.68 crore in investment, with the promise of generating employment opportunities for nearly 8425 people.

Two of the proposals included additional investment of capital for existing projects. These two proposals will result in Rs 120.50 crore being invested in the state.

In addition to mega investment projects approved in and around Bengaluru, the committee greenlighted proposals worth more than Rs 200 crore in other districts as part of the Karnataka Government’s concerted efforts to spur industrial growth across regions.

Jayadi Techmac Private Limited’s Rs 485-crore proposal to set up a machined casting in Belagavi, and Dhariwal Industries Pvt Limited’s Rs 465-crore investment towards mixed use integrated project in Bengaluru Rural, are among the big projects approved in districts outside Bengaluru.





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Title: State govt clears 128 industrial projects worth Rs 6,407 crore, generates jobs for 33,771 people

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