Karnataka Clears Rs 15,441-Crore Investment Proposals Expected To Create Over 5,000 Jobs

Karnataka’s new investment proposals include those from Shree Cement, Dalmia Cement (Bharat), and Bosch Automotive Electronics India, among others.

The Karnataka government on Wednesday cleared investment proposals worth Rs 15,441 crore, which it expects to generate 5,277 jobs when realised. These include four new and expansion investment proposals and two amendment investment proposals.

A meeting of the State High-Level Clearance Committee, which clears proposals exceeding Rs 500 crore, was chaired by Chief Minister Siddaramaiah during the day.

According to a release issued by Industries Minister M B Patil, the four new proposals will invest Rs 13,921 crore, generating 3,948 jobs, and the two amendment proposals are worth Rs 1,520 crore, generating 1,329 jobs.

The new proposals include investment of Rs 2,406 crore by Shree Cement Limited (300 jobs), proposals by Dalmia Cement (Bharat) Limited worth Rs 3,000 crore and Rs 3,020 crore (570 jobs each), and a Rs 5,495 crore proposal by Emmvee Energy Private Limited (2,508 jobs). The additional proposal includes a Rs 190.17-crore investment by Colortone Textiles Private Limited (371 jobs) and a Rs 1,330-crore investment by Bosch Automotive Electronics India Pvt Ltd (958 jobs).

In another meeting, the State-Level Single Window Clearance Committee under Patil approved 63 projects worth Rs 1,741.6 crore. These include seven large and medium industries with an investment of Rs 593.8 crore, which would generate employment opportunities for about 2,093 people. Fifty-three new projects, each with an investment range of Rs 15-50 crore, were also cleared. These projects will invest Rs 1106.6 crore, generating 4,961 jobs. Three additional proposals worth Rs 41.2 crore were also approved.

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Telangana, Bharat

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