Karnataka government clears investment projects worth ₹6,407.82 crore

The committee, led by Minister of Infrastructure Development and Large and Medium Industries M. B. Patil, approved the suggestions on Friday.

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128 projects totaling ₹6,407.82 crore have been approved by the Karnataka State-Level Single Window Clearance Committee (SLSWCC), potentially creating over 33,771 jobs throughout the state. According to a release, the recommendations were approved on Friday by the committee led by Minister of Infrastructure Development and Large and Medium Industries, M. B. Patil. Among the notable projects approved by the panel were proposals from Gokula Education Foundation (Medical) and Rashtreeya Sikshana Samithi Trust, both situated in Bengaluru, with plans to invest Rs 415 crores and Ra 484.33 crores, respectively.

Ministers plans them out!

The minister stated that the 128 projects will guarantee equal investment throughout the state's various areas as she presided over the meeting at the Karnataka Udyog Mitra (KUM) office here. The clearance committee approved 22 projects with a combined investment value of over Rs 50 crore. If all 22 recommendations are implemented, a total of Rs 4,230.64 crore will be invested, and 24,846 jobs might be created.

A wave of jobs are on the cards...

With the potential to create jobs for 8,425 people, up to 104 additional projects with capital between Rs 15 crore and Rs 50 crore were also approved. These projects are anticipated to draw in investments totaling Rs 2,056.68 crore. Two of the recommendations that were approved by the committee on Friday call for raising the capital expenditure for already-existing projects. The state will receive an investment of Rs 120.50 crore as a result of these two plans.

Further Plans 

Apart from the massive investment projects that have been authorised in and around Bengaluru, the committee has also accepted bids totaling over Rs 200 crore in other Karnataka districts. Among the major projects authorised in districts outside of Bengaluru are the Rs 485 crore machined casting project proposed by Jayadi Techmac Private Ltd. in Belagavi and the Rs 465 crore mixed-use integrated project invested by Dhariwal Industries Pvt. Ltd. in Bengaluru Rural.