Green Signal for 31 Industrial Projects with Investment of Rs 1,46,656 cr

From Our Special Correspondent
Daijiworld Media Network - Bangalore

Bangalore, May 23: The D V Sadananda Gowda ministry has given the green signal for 31 industrial project proposals worth Rs. 1,46,656 crore generate capable of generating employment opportunity to over 3 lac persons ahead of next month’s Global Investors’ Meet (GIM-2012) in Bangalore.

The State High Level Committee (SHLC) meeting chaired by Chief Minister D V Sadananda Gowda in Bangalore on Wednesday cleared investment proposals of various industries that would be implemented in different parts of the State.

Karnataka’s Large and Medium Industries Minister Murugesh R Nirani, Chief Secretary S V Ranganath and Principal Industries and Commerce Department Secretary Jyothiramalingam were present at the meeting.

Cement factory

According to Industry Department officials, the SHLC has cleared a proposal of J K Cements (Western) Ltd. to establish a cement factory at Chittapur Taluk in Gulbarga District.

The company would invest Rs 2,326.65 crore and provide employment to 350 people.

Shivashankar Minerals Ltd’s proposal to establish a 3.5 million tonne per annum (MTPA) cement plant in Chincholi Taluk, Gulbarga District, with an investment of Rs 2,250 crore was also cleared.
 
BMM Ispat Ltd would establish 3 MTPA gas based integrated steel plant in Dhanapura village in Mariiyammanahalli Hobli, Hospet Taluk, Bellary district, with an investment of Rs 16, 229.68 crore.

Solar plant

Atria Power Corporation Ltd would establish a 5 MW solar power plant project in 75 taluks and 13 districts, with an investment of Rs 4,905 crore.

Kalyani Steel Ltd would establish a unit for manufacture of carbon alloy steel, stainless steels in Yadgir district with an investment of Rs.12,000 crore.

Sun Forest City Ventures Ltd has proposed set up a Project Vayu for development of infrastructure and complete eco system for aerospace industries in Bangalore Aerospace Park, near BIAL, with an investment of Rs 9,394 crore. It would provide direct employment to 2,42,000 persons. This project would be implemented in next 12 years in three phases, officials said.

The second edition of Global Investors Meet would be held on June 7 and 8 at the Bangalore International Exhibition Centre (BIEC), Tumkur Road.

Rs 5 lac Cr Target for GIM 2012

“In the GIM - 2012, the Government has set a target to attract investment of Rs 5 lac crore in sectors such as urban development, infrastructure, housing, power, agri business, tourism, automobile and aerospace engineering and IT/BT to provide employment opportunity to around 10 lakh persons” said a release.

For the successful conduct of GIM - 2012, the Government has set up a high power committee under the Chairmanship of the Chief Minister.

A Reception Committee under the chairmanship of Home and Transport Minister R Ashok, Marketing (Investment Promotion) Committee headed by Nirani and Co-ordination Committee headed by Chief Secretary S V Ranganath have also been constituted.

Another 12 sectoral committees have been constituted with focus on bringing investment in different sectors.

Ernst & Young, the leading audit firm, has been appointed as a Knowledge Partner, while M M Active has been appointed for the event management.