Karnataka clears Rs.5,233 cr infra projects

In a major push to build top-class infrastructure across the state, the single window clearance committee of the state has recently cleared 52 new projects involving Rs.5,233.82 crore. Out of the total investments, Rs.2,369.56 crore will be invested in Bengaluru, while the remaining amount worth Rs.2,864.26 crore has been approved for places outside the Bangalore city, said official sources, elaborating that the major investors included Kalyani Techpark Pvt Ltd (Rs.495.5 crore for a Hardware Park, cum Hi-Tech Defence Aerospace park in Bengaluru), Gold Stone Infratech Limited (Rs 495 crore in Bidar for manufacturing electric buses and vehicles), AT&S India Private Limited (Rs.480 crore for printing circuit boards in Nanjangud, Mysuru), Kitex Garments Limited (Rs.493 crore - readymade garments in Hassan), Cornerstone Bay East Developers Pvt. Ltd (Rs.458.23 crore for IT/ITeS services at Varthur, Bengaluru) and Cornerstone Supply Chain Solutions Private Limited (Rs.451.2 crore for Integrated Industrial Park at Hoskote Taluk, Bangalore Rural District). The investments have been targeted to create necessary infrastructure facilitating the setting up of units in sectors such as automobile, aerospace components, food, private IT parks and others, they claimed.