Karnataka's Industries Minister Murugesh Nirani has announced that 87 industrial projects worth Rs 4,236.26 crore have been approved.
The State Level Single Window Clearance Committee (SLSWCC), which Nirani chairs, approved these projects late Thursday in its 128th meeting. Nirani told the media that the new clearances would give Karnataka's industrial growth a big push. Siemens Healthcare will invest Rs 313.20 crore, Tecchren Batteries will invest Rs 480 crore, Neotrex Steel will invest Rs 340 crore, Supreme Sugars will invest Rs 306.82 crore, Pawan Shakti Papers will invest Rs 276 crore, Tantia Papers will invest Rs 276 crore, and SATS Food Solutions India will invest Rs 210 crore. Nirani told the media that 13 of the projects approved are large and medium-sized, with an investment of more than Rs 50 crore and a total investment of Rs 2,986.80 crore, which will create 4,660 jobs. A total of 74 projects have a budget of between Rs 15 and Rs 50 crore. They are valued at Rs 1,249.46 crore. Karnataka Udyog Mitra is the Secretariat for granting approvals and sanctioning infrastructure facilities for approved projects as the State Government's investment promotion and facilitation agency. The State Level Single Window Clearance Committee (SLSWCC), chaired by the Minister for Large and Medium Scale Industries, Government of Karnataka, will approve projects worth between Rs 15 crore and Rs 100 crore. If the investment exceeds Rs 100 crore, the State High-Level Clearance Committee (SHLCC), chaired by the Chief Minister of Karnataka, will approve it. Image Source
