Government of Karnataka sanctioned nine schemes totaling Rs. 13,487 crore. Projects approved by Karnataka’s state government is expected to generate 6,256 Job openings.
The State High-Level Clearance Committee, headed by Chief Minister B.S. Yediyurappa, approved the project. The investments are estimated to create 6,256 jobs.
According to a statement, of the total investment proposal cleared on Wednesday, 13,174 crore is for new investments, while 312 crore is for additional investment in Mylar Sugar in Vijayapura.
Integrated township : Among the new investments approved are a 4,042-crore integrated township in Yelahanka being established by Rasasri Tech Park Ltd.; a 2,527-crore glass and glass products manufacturing plant on 300 acres in Mangaluru’s MSEZ; a 2,000-crore data centre services on 10 acres in Bidadi by NxtGen Datacenter and Cloud Technologies Ltd.; and a 1,000-crore cutting tools manufacturing plant on 40 acres in Bidadi.
JSW Techno Projects Management Ltd. invested another 892 crore to manufacture liquid oxygen, gaseous oxygen, liquid nitrogen, gaseous nitrogen, and liquid argon on an 8.27-acre site in Ballari district. Indian Oil Corporation’s investment proposal to establish a plant for storage and despatch of petroleum products on 130 acres in Chitradurga district at a cost of 555 crore was also approved.
Apart from these, Grasim Industries received approval for a 731-crore paint factory on 102 acres in Chamarajanagar district, Emmvee Photovoltaic Power received approval for an 825-crore solar photovoltaic panel manufacturing unit in Dobbspet, and Shree Cements received approval for a 600-crore clinker grinding and cement bagging plant on 70 acres in Doddaballapur.