K’taka approves 59 industrial projects with investment of Rs 3,455.39 crore

BENGALURU: The Industries and Commerce Department on Tuesday evening cleared a total of 59 investment proposals worth Rs 3455.39 crore, which will create 18,567 jobs.

The 137th State-Level Single Window Clearance Committee (SLSWCC) meeting was held under the chairmanship of Large and Medium Scale Industries Minister Dr Murugesh R Nirani 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 2,186.70 crore, are expected to create employment opportunities for 10,559 persons in the state.

Industries Minister Murugesh Nirani.

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 1,049.19 crore will generate jobs for 8,008 people in Karnataka.

Two projects of additional investment have also been approved, which will result in an investment of Rs 219.50 crore and generate massive employment opportunities. In all 59 investment proposals worth Rs 3,455.39 crore, promising 18,567 jobs were approved in the meeting.

Dr E V Ramana Reddy, Additional Chief Secretary, Commerce and Industries Department, Gunjan Krishna, Commissioner for Industrial Development, and Director of Industries and Commerce, Gangadharaiah, Managing Director, Karnataka Udyog Mitra, Bengaluru, R Girish, CEO, KIADB, and other senior officers of the department were present.

Major proposals approved:

Mysore Steel Ltd, Mysuru: Investment-Rs 405.43 crore; employment-200

NIDEC Industrial Automation India Pvt Ltd., Bengaluru: Investment-Rs 350 crore; employment-730

Ceylon Beverage Can Pvt Ltd, Chennai: Investment-Rs 256.3 crore; employment-200

Balaji Wafers Pvt Ltd., Ahmedabad: Investment-Rs 251.25 crore; employment-7,467

Manjushree Technopack Ltd, Bengaluru: Investment- Rs 153 crore; employment-500

Ksiroda India Pvt Ltd, Bengaluru: Investment-Rs 138 crore; employment-160

Mahamanav Ispat Pvt Ltd, Ballari: Investment-Rs 90 crore; employment-90

ACR Projects Bengaluru: Investment-Rs 85 crore; employment-350

Neobee Solution Pvt Ltd, Bengaluru: Investment-Rs 50 crore; employment-563

Abhay Agro Foods Pvt Ltd, Koppal: Investment-Rs 32.65 crore; employment-35.