Karnataka green-lights 73 projects worth Rs 3,935 crore
Karnataka's State-Level Single Window Clearance Committee (SLSWCC) led by industries minister MB Patil on Friday approved 73 investment projects cumulatively worth about Rs 3,935.52 crore. These projects have the potential to employ around 15,000 people in Karnataka.
Patil said this was an indication of the efficiency that the single-window system had ushered in for the approval process.
“The investment projects that received the nod would ensure equitable investment across the diverse regions of the state,” he added.
Proposals submitted by Bengaluru-based companies ETL Secure Space Limited, and DhaSH PV Technologies Private Limited, which are to invest INR 490.5 crore and INR 346.35 crore respectively, were among the marquis projects greenlighted by the committee on Friday.
Along with mega investment projects approved in and around Bengaluru, the committee greenlighted proposals worth more than Rs 200 crore in other districts as part of the Karnataka Government’s concerted efforts to spur industrial growth across regions. Mylar Infra Private Limited’s Rs 339.84 crore proposal to set up a multi feed-based distillery in Huvinahadagali in Ballari, and Sango India Automotive Parts Private Limited’s Rs 278.59 crore investment towards an exhaust system manufacturing plant in Harohalli, Ramanagara were among the big projects approved in districts outside Bengaluru.
Most projects, Patil said, would be also implemented in North Karnataka.
In September last year, the clearance committee had approved 91 projects worth Rs 7659.52 crore, which had the potential to create 18,146 jobs. In November, the committee had cleared 62 projects worth over Rs 3,000 crore.
