Karnataka govt approves Rs 4,824 cr industrial investments, to create 14,525 jobs: Minister Patil
The 158th State Level Single Window Approval Committee meeting approved a total investment of Rs 4,824.31 crore for 37 new industries and 2 additional investment projects in 13 districts, including Vijayapura, Bagalkote, Chitradurga, Kolar and Ramanagara, the ministry’s office said in a statement on Saturday.
“Approved projects in sectors such as IT infrastructure, sugar production, technical textiles, compressed biogas, aviation, jewelery manufacturing, electronics, software and five-star hotel construction will create 14,525 new employment opportunities in the state,” Patil said in his statement after the meeting on Friday. he said.
Among the approved projects, 22 are large and medium-sized industrial projects (investment over Rs 50 billion) totaling Rs 3,908.68 billion, providing employment to 12,475 people; Of these, 15 are new projects ranging from Rs 15 billion to Rs 50 billion, with a total investment of Rs 350.60 billion and providing employment to 1,750 people.
Two of these are additional investment projects worth Rs 565.03 billion, creating employment for 300 people.
Some of the major projects approved include: Bagmane Constructions Private Limited for IT infrastructure development worth Rs 494.65 billion; Karnataka Bangaru Sugars Pvt Ltd for sugar factory with investment of Rs 443.50 crore; Kleine Pax Ltd for its Rs 376-crore technical textiles unit; Trishul Buildtech and Infrastructure Pvt Ltd for a five-star hotel project worth Rs 300 crore.
Also Troult Grass Pvt Ltd for Rs 257.77 crore compressed gas (CBG) unit at Mudhol; Tsuyo Manufacturing Pvt Ltd for an electric vehicle motor and controller manufacturing unit worth Rs 250 crore.
