Karnataka approves 18 industrial projects worth Rs 34,432

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Karnataka approves 18 industrial projects worth Rs 34,432

The Karnataka government approved 18 industrial projects worth Rs 34,432 on Friday. There are 46 crore jobs that are expected to generate over 48,000 jobs in the state.

The State High-Level Clearance Committee, SHLCC of the government under the chairmanship of Chief Minister Basavaraj Bommai, gave the approval for the investment proposals. The meeting was attended by senior ministers and officials.

Automaker Toyota Kirloskar Motor plans to invest over 3,600 crore to build hybrid vehicles at its facility, along with traditional internal combustion engine ICE vehicles.

The High-Level Clearance Committee has approved eight new projects and 10 additional investment projects that are expected to further push industrial growth and generate direct and indirect employment opportunities in Karnataka, an official release said.

The major investment or project proposals approved in the meeting are an ethanol plant of 2,000 KLPD capacity by Trualt Bioenergy Limited, Bengaluru, with an investment of 1,856. 47 crore.

Toyota Kirloskar Motor Private Limited with its passenger cars and diversified product profile of hybrid technology vehicles along with ICE vehicles will invest around 3,661. 5 crore.

With an investment of 1,573 crore and 977 crore invested by Carl Zeiss India Bangalore Pvt., the project proposals include Applied Materials India Pvt Ltd, Bengaluru for showerheads or capital equipment manufacturing for semiconductors. It was Rs 2,500. The investment by Prakash Sponge Iron and Private Limited, Bengaluru for a solar photovoltaic module and solar cells unit and the Chidanand Basaprabhu Kore Sahakari Sakkare Karakaria Niyamit Chikodi, Belagavi's distillery ethanol plant with an investment of Rs 270.36 crore was among the nine cleared by the government for the 09 crore investment by Prakash Sponge Iron and Private Limited, Bengaluru.