K’taka Clears Investment Proposals Worth Rs 3,455 Cr For Industrial Projects

Karnataka’s State Industries and Commerce Department has cleared a total of 59 investment proposals worth Rs 3,455.39 crore promising 18,567 jobs.

The 137th State Level Single Window Clearance Committee (SLSWCC) meeting was held under the chairmanship of Dr Murugesh R Nirani, Minister for Large and Medium Scale Industries, at the Karnataka Udyog Mitra office.

The committee considered and approved 11 important large and medium-sized industrial projects with investments of more than Rs 50 crore. These projects worth Rs 2186.70 crore are expected to create employment opportunities for 10,559 persons in the state.

At the SLSWCC meeting, 46 new projects with investments of more than Rs 15 crore and less than Rs 50 crore were also cleared. These projects worth Rs 1049.19 crore would generate jobs for 8008 people in Karnataka.

Two projects of additional investment have also been approved, which will result in an investment of Rs 219.50 crore and would generate massive employment opportunities.