Daijiworld Media Network - Bengaluru
Bengaluru, Sep 2: Four major industrial projects, including the 2G Ethanol plant of Mangalore Refinery and Petrochemicals Ltd. (MRPL) has been approved by The State High Level Clearance Committee (HLCC) headed by Chief Minister Siddaramaiah.
The projects of TVS Motors, Ikea, Shahi Exports and MRPL with a total investment of Rs 3,596 crore will create employment for 3,842 persons.
Addressing the media, Karnataka Industries Minister R V Deshpande on Friday slammed Narendra Modi government for introducing demonetisation without proper planning. Though Karnataka has human resource and an excellent eco-system for industries, lack of demand in manufacturing sector after demonetization has affected the state badly, he said.
He blamed the Centre’s demonetization move for shattering the economy as well as affecting the employment sector.
Deshpande expressed confidence that the four approved industrial projects will create job opportunities and improve the economy.
TVS Motor Company Ltd, Bengaluru, will be expanding its two wheeler manufacturing project on the existing 20 acres allotted by Karnataka Industrial Areas Development Board (KIADB) at Bythahalli village, Kadakola post, Mysuru. The company will be investing Rs 1,110 crore for this purpose.
Mangalore Refinery and Petrochemicals Ltd, Mangaluru will be setting up a 2G Ethanol plant on 50 acres of KIADB land in Hanagawadi Industrial area, Harihara, Davangere. The company will be investing Rs 966 crore and creating 71 jobs.
Ikea India Pvt Ltd, Bengaluru will be setting up its single brand retail home furnishing store on 10.11 acres of leased land of BMRCL at Nagasandra village, Yeshwanthpur hobli, Bengaluru. The company is investing Rs 810 crore and creating 1,050 jobs.
Shahi Exports Pvt Ltd, Bengaluru will be setting up a textile weaving, processing and printing unit on 33.17 acres of existing land in Nidige KIADB Industrial area, Shivamogga, at an investment of Rs 710 crore. It is said to create 2,440 crore jobs.