Karnataka: 61 projects worth Rs 3.8k crore get nod

The Industries Department on Friday approved 61 industrial projects worth Rs 3,829.46 crore, which is expected to generate over 19,500 jobs.

Published: 30th July 2022 06:19 AM  |   Last Updated: 30th July 2022 06:19 AM   |  A+A A-

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By Express News Service

BENGALURU: The Industries Department on Friday approved 61 industrial projects worth Rs 3,829.46 crore, which is expected to generate over 19,500 jobs. Investment proposals of many companies like Toyota Kirloskar and Micron Technology got the nod. 

The projects were cleared in the State Level Single Window Clearance Committee (SLSWCC) meeting, chaired by Industry Minister Murugesh R Nirani. The committee approved 13 important large and medium sized industrial projects with investments of more than Rs 50 crore each. These projects, worth Rs 2,979.35 crore, are expected to create 16,158 jobs in the state.

As many as 42 new projects, with investments of more than Rs 15 crore and under Rs 50 crore, were also cleared. These projects, worth Rs 774.51 crore, will generate 3,352 jobs. Also, six  projects with an investment of Rs 75.60 crore have been approved.

Proposals  
Company Investment (cr)    Jobs
Toyota Kirloskar    Rs 445    1,198
Micron Technology    Rs 397     797
Sitaram Ispat     Rs 376.08      400
Jindal Industries     Rs 340     310 
Sooraj Agro Distilleries Rs 185     170 
Nahars Engineering     Rs 120     353 
Shri Bhimashankar Sahakari 
Sakkare Karkhane     Rs 112.07    80 
Lozen Pharma     Rs 97.50     246 
NSP Distillery     RS 64.64     116 
String Bio     Rs 75     48 
Rushil Decor     Rs 72.76     310

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