Karnataka approves investment projects worth Rs. 7,659.52-cr

Karnataka government has approved 91 industrial investment proposals worth Rs 7,659.52 crore. As many as 26 projects of more than Rs 50 crore investment, totalling Rs 5,750.73 crore were approved by the State Level Single Window Clearance Committee (SLSWCC). These are expected to generate 13,742 work opportunities. About 57 investment projects involving investment in the range between Rs 15 crore to Rs 50 crore totaling Rs 1,144.94 crore, have a job creation potential of 4,404. Besides, eight projects with an additional investment of Rs 763.85 crore were also approved by the committee. The major investment proposals include the setting up of Pratibha Patil Sugar Industries in Vijayapura district at an investment of Rs 489.50 crore, Aequs Consumer Products Unit-3 in Dharwad with an outlay of Rs 456 crore. Among key projects are by Tata Semiconductor Assembly and Test at Kolar with an investment of Rs 200 crore, Maruti Suzuki India at Nelamangala with investment of Rs 137.6 crore, South West Mining at Musinayakanahalli and Torangallu Village in Sandur taluk of Ballari district with investment of Rs 411 crore.