Govt. clears five projects with Rs. 2,049 cr investment.

The State Government recently cleared five major projects, involving investment of Rs. 2,049.75 crore.

A State High-Level Clearance Committee (SHLCC) meeting presided by Chief Minister Siddaramaiah has approved investment of Rs. 1,325 crore in textiles by Himatsingka Siede Limited. The investment will expand the company’s business in Hassan.

Other major investment projects cleared the SHLCC are Stelis Bio Pharma Private Ltd. (Rs. 248 crore) in Bengaluru Rural, Harsha Sugars Ltd. (Rs. 213 crore) in Belagavi, Auric Industries Ltd. (Rs. 156.25 crore) in Raichur and Cheers Breweries (Rs. 107.50 crore) at Nanjangud in Mysuru. The five projects would generate employment for 3,532 persons.

In 2014-15, the State Government has cleared 108 projects involving investment of Rs. 54,433.01 crore which would generate employment to 56,101 persons. In 2013-14, the State had cleared 255 projects involving investment of Rs. 42,176.54 crore.

THE HINDU