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Projects worth Rs 11,495 cr approved in K'taka
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SME Times News Bureau | 18 Apr, 2022
In a massive push to the industrial growth, the State High Level
Clearance Committee (SHLCC) on Monday approved a slew of industrial
projects worth Rs 11,495 crore that would generate jobs for over 46,984
persons in Karnataka, officials said.
This includes Rs
6,000 crore investment from Exide Industries, which will set up India's
largest Lithium-Ion cell manufacturing Giga factories for Advanced Cell
Chemistry Technology near Bengaluru airport and expected to generate
1,200-1,400 jobs.
The 58th SHLCC meeting held at Vidhana Soudha
under the chairmanship of Chief Minister Basavaraj Bommai and vice
chairmanship of Large and Medium Scale Industries Murugesh R Nirani
cleared the projects.
The High Level Clearance committee has
considered and approved 5 new projects and 4 additional investment
projects that are expected to further push the industrial growth and
generate huge direct and indirect employment opportunities in Karnataka.
Seeking
to dispel the notion that Karnataka would lose investments owing to
some extraneous factors and apprehensions raised in some quarters, Large
and Medium Industries Minister Murugesh Nirani said that the massive
investment proposals approved by the government shows the position of
Karnataka as a preferred destination for investors.
"These
industrial projects have the potential to generate nearly one lakh jobs
in the state. Our government has been giving preference to investment
proposals that have the potential to create jobs. Our policies,
pro-active steps and the prevailing business ecosystem are encouraging
investors to invest in Karnataka. The investor-friendly atmosphere in
the state is not available anywhere in the country," Nirani said.
The
projects which are approved are Exide Energy Solutions Limited -- Rs
6,002 crore investment in Lithium-Ion cell manufacturing Giga factories
at Phase-2 of Hi-tech Defence and Aerospace Park near Bengaluru
International Airport with the potential of creating over 1,400 jobs.
Nsure
Reliable Power Solutions Private Limited -- Rs 1,050 crore investment
in Lithium-Ion cell manufacturing near Malur in Kolar with employment
potential for 450 persons.
Rs 679.51 crore project by M/s JSW
Renewable Energy (Vijayanagar) Limited to generate 130 MW Hydro power
with employment potential for 65 persons. Rs 530 crore investment by Web
Works India Pvt. Ltd to open Data Services Centre at KR Puram in
Bengaluru with job creation for 69 people.
Rs 2,231 crore
investment by Tetrarch Developers Limited in social infrastructure
activities at Phase-2 of Hi-tech Defence and Aerospace Park near
Bengaluru airport with employment potential for 45,000 people.
Additional
investment proposals of Rs 471 crore investment by M/s ACC Ltd in
limestone mining in Kalaburagi; Rs 280 crore investment by M/s Goodrich
Aerospace Services Pvt Ltd in aircraft system at Aerospace SEZ near
Bengaluru airport; Rs 242.89 crore investment in cement and thermal
power plants by JK Cements Works at Bagalkot; Rs 9 crore investment by
CV Projects Pvt Ltd in infrastructure for IT SEZ at Yelahanka were
cleared in the meeting.
Chief Secretary to Government,
Additional Chief Secretary, Department of Industries and Commerce and
senior officials of various departments attended the 58th State High
Level Clearance Committee meeting.
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