Karnataka govt approves projects worth 17,835 crore, will create 27,000 jobs

Karnataka government approved projects worth ₹17,835 crore that will include investment for Wistron and Beyond Bengaluru.

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Edited By: Sonia Dham
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In a bid to give nod to investment, Karnataka government on Friday approved six new projects and eight additional investment proposals worth ₹17,835.9 crore, that will help generate 27,000 jobs across the state. 

According to the official information, the State High-Level Clearance Committee (SHLCC), headed by Chief Minister Siddaramaiah, gave the nod to new projects worth ₹8,220.05 crore, and additional investment ones worth ₹9,615.85 crore on Friday.

Wistron proposal

According to the official data, six new projects totaling Rs 8,220.05 crore and eight more investment projects worth Rs 9,615.85 crore were approved for the SHLCC. Along with this, the committee also approved Wistron's proposal, which calls for a Rs 2,095 crore investment and is anticipated to create 21,723 jobs across the state.

Other than this, a maintenance and repair project by Air India Ltd at Rs 1,750 crore, Rs 1,352.3 crore from STT Global Data Centres India Pvt Ltd, Rs 1,078 crore from Indian Cane Power Ltd., and Rs 1,450 crore from ICT Service Management Solutions were among the other sizable proposals approved by the government. 

In addition to this, Shri Balaji Sugars and chemicals Pvt Ltd will enhance the capacity of sugar factory with an investment of Rs 494 crore.

‘Beyond Bengaluru’

In a move towards triggering the economic growth across the state, an investment of Rs 10,433.72 crore has been declared under ‘Beyond Bengaluru,’ which would be captured by Vijaypura, Kalaburagi, Ballari and Belagavi districts of North Karnataka.