Karnataka clears 48 projects worth ₹ 2,062 crore.

The Karnataka government, recently, approved 48 industrial projects worth ₹2,062.21 crore, which is likely to generate 6,393 additional jobs in the State. The decisions clearing these new projects were taken at the 130 ^th State Level Single Window Clearance Committee (SLSWCC) meeting held under Murugesh R Nirani, Minister for Large and Medium Scale Industries.

The committee considered and approved eight important large and medium-sized industrial projects with more than ₹50 crore each. These projects worth ₹1,337.34 crore are expected to create employment opportunities for 3,181 persons in the state. Forty new projects with an investment of more than ₹15 crore and less than ₹50 crore were also cleared. These projects worth ₹724.87 crore would generate jobs for 3,212 people in the state, a government release added.

Amongst the new investments approved were those by Rockwell Collins India Enterprises Private Limited (Raytheon Group), which is planning to invest .₹253.75 cr to create 1,306 jobs. Nithin Sai Agrotech Private Limited plans to invest ₹231.82 crore with employment potential for 965 persons. EV Ramana Reddy, Additional Chief Secretary (Commerce & Industry), N Shivashankara, CEO KIADB, Doddabasavaraj, MD Karnataka Udyog Mitra and others were present at the SLSWCC meeting, where the projects were cleared.

HBL