Karnataka clears Rs. 250-cr Toyota Auto Parts project

Toyota Auto Parts' Rs. 250 crore investment and Sandur Manganese Iron Ore’s investment of Rs. 6,306 crore figure prominently in the list of projects cleared by the 36th Karnataka State high-level clearance committee (SHLCC).

The SHLCC, chaired by Chief Minister Siddaramaiah, has also cleared 13 projects with an investment of over Rs. 9,912 crore. The projects are expected to create 5,986 jobs in nine districts.

In the late evening meeting, the Chief Minister and his Cabinet colleagues, the State Chief Secretary and other senior officers cleared the investment proposals. During the year 2013-14 and 2014-15, the State Government has approved 254 projects with an investment of Rs. 42,956 crores, generating an employment to 1.72 lakh people.

Other new proposals cleared are the King Wood Décor investment of Rs. 703.78 crore, Micro Labs investment of Rs. 200 crore, Deerfield Logistics for Rs. 1,000 crore, Cataler India Auto Parts for Rs. 105 crore, Sree Angadi Dutta Sugars for Rs. 224 crore, and expansion proposals of Bilagi Sugar Mill, Gujarat Ambuja Exports, Sadashiva Sugars, EID Parry (India) Ltd.

The committee also amended the Industry Facilitation Act and decentralised powers to approve projects at district level Single Window meeting.


HBL