In good news for Karnataka, a committee approved projects worth ₹34,115 crore in the state, boosting development and giving way to over 13,000 new jobs. The committee, called the State High-Level Clearance Committee (SHLCC) is led by Karnataka Chief Minister Siddaramaiah, news agency PTI reported.
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A total of 14 projects were shortlisted by the committee, of which 10 are new ones making up an investment of ₹19,452.40 crore, while the remaining four are part of pre-existing investments, worth ₹14,662.59 crore, the agency quoted Minister for Large and Medium Industries, and Infrastructure Development, MB Patil, as saying.
iPhone maker Foxconn is also a part of the investment, ready to set up a manufacturing facility near the outskirts of Bengaluru where it has already acquired 300 acres of land. The Taiwanese company is estimated to invest around ₹13,911 crore additionally for the same.
Here are some other projects that have received the green signal:
JSW Renew Energy Four Limited – ₹4,960 crore investment
JSW Steel Limited – ₹3,804 crore investment
Toyota Kirloskar Motor Private Limited – ₹3,237.30 crore investment
TRIL Bengaluru Real Estate Six Limited – ₹3,273 crore investment and
Janki Corp Limited – additional investment of ₹607 crore.
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JSW Renew Energy Four Limited, Janki Corp Limited, JSW Steel Limited, and Orient Cement Limited will cumulatively invest ₹9,461 crore in North Karnataka, making way for 3,538 jobs in the region.
