Karnataka govt approves 87 projects worth Rs 4,236 crore
12 Jan 2022
2 Min Read
CW Team
Karnataka's Industries Minister Murugesh Nirani has announced that 87 industrial projects worth Rs 4,236.26 crore have been approved.
The State Level Single Window Clearance Committee (SLSWCC), which Nirani chairs, approved these projects late Thursday in its 128th meeting.
Nirani told the media that the new clearances would give Karnataka's industrial growth a big push.
Siemens Healthcare will invest Rs 313.20 crore, Tecchren Batteries will invest Rs 480 crore, Neotrex Steel will invest Rs 340 crore, Supreme Sugars will invest Rs 306.82 crore, Pawan Shakti Papers will invest Rs 276 crore, Tantia Papers will invest Rs 276 crore, and SATS Food Solutions India will invest Rs 210 crore.
Nirani told the media that 13 of the projects approved are large and medium-sized, with an investment of more than Rs 50 crore and a total investment of Rs 2,986.80 crore, which will create 4,660 jobs. A total of 74 projects have a budget of between Rs 15 and Rs 50 crore. They are valued at Rs 1,249.46 crore.
Karnataka Udyog Mitra is the Secretariat for granting approvals and sanctioning infrastructure facilities for approved projects as the State Government's investment promotion and facilitation agency.
The State Level Single Window Clearance Committee (SLSWCC), chaired by the Minister for Large and Medium Scale Industries, Government of Karnataka, will approve projects worth between Rs 15 crore and Rs 100 crore.
If the investment exceeds Rs 100 crore, the State High-Level Clearance Committee (SHLCC), chaired by the Chief Minister of Karnataka, will approve it.
Also read: PM Modi inaugurates Rs 600 cr development projects in Goa
Karnataka's Industries Minister Murugesh Nirani has announced that 87 industrial projects worth Rs 4,236.26 crore have been approved.
The State Level Single Window Clearance Committee (SLSWCC), which Nirani chairs, approved these projects late Thursday in its 128th meeting.
Nirani told the media that the new clearances would give Karnataka's industrial growth a big push.
Siemens Healthcare will invest Rs 313.20 crore, Tecchren Batteries will invest Rs 480 crore, Neotrex Steel will invest Rs 340 crore, Supreme Sugars will invest Rs 306.82 crore, Pawan Shakti Papers will invest Rs 276 crore, Tantia Papers will invest Rs 276 crore, and SATS Food Solutions India will invest Rs 210 crore.
Nirani told the media that 13 of the projects approved are large and medium-sized, with an investment of more than Rs 50 crore and a total investment of Rs 2,986.80 crore, which will create 4,660 jobs. A total of 74 projects have a budget of between Rs 15 and Rs 50 crore. They are valued at Rs 1,249.46 crore.
Karnataka Udyog Mitra is the Secretariat for granting approvals and sanctioning infrastructure facilities for approved projects as the State Government's investment promotion and facilitation agency.
The State Level Single Window Clearance Committee (SLSWCC), chaired by the Minister for Large and Medium Scale Industries, Government of Karnataka, will approve projects worth between Rs 15 crore and Rs 100 crore.
If the investment exceeds Rs 100 crore, the State High-Level Clearance Committee (SHLCC), chaired by the Chief Minister of Karnataka, will approve it.
Image Source
Also read: PM Modi inaugurates Rs 600 cr development projects in Goa
Next Story
Blum India brings Design Reverie to Hyderabad
Blum India hosted the Hyderabad edition of its signature event, Design Reverie, at the historic Taj Falaknuma Palace, making it a memorable evening for the city鈥檚 architecture and interior design community. As per news reports, the event combined modern design sensibilities with the grandeur of a palace setting and the spiritual charm of Sufi qawwali.This marked the third edition of the event, after previous gatherings in Delhi and Bangalore. In Hyderabad, the focus was on fostering relaxed yet meaningful dialogue among design professionals鈥攁way from the typical conference setup. The eveni..
Next Story
Hafele launches Platinum Studio in Nagpur
Hafele has expanded its franchise footprint in central India by opening a new Studio Partner Platinum showroom in Nagpur in collaboration with Onkar Furnitech. The studio was inaugurated by Nitin Gadkari, Minister of Road Transport and Highways, along with Padma Gupta, Director 鈥� HR & Customer Experience, Hafele South Asia.Located at Sarthak Plaza, South Ambazari Road, Laxmi Nagar, the showroom offers an immersive experience of Hafele鈥檚 wide-ranging interior and home solutions. Designed as a hands-on, real-life application space, the studio showcases Hafele鈥檚 full portfolio鈥攊ncludi..
Next Story
Truflo by Hindware wins GPTW honour again
Truflo by Hindware has been certified a Great Place to Work for the fourth consecutive year, reaffirming its commitment to a people-first culture. The certification was awarded by the Great Place to Work Institute following a rigorous evaluation of employee experience, leadership, culture, and HR practices.Known as India鈥檚 fastest-growing plastic pipes and fittings company, Truflo has focused on fostering an inclusive, innovative, and growth-driven work environment. The company prioritises employee well-being and professional development, creating a culture where people feel valued and empow..
