Karnataka Approves Mega Projects Worth Rs 6,407 Crore

The Karnataka State-Level Single Window Clearance Committee (SLSWCC) has recently sanctioned approval for 128 projects, totaling Rs 6,407.82 crore in value. On February 9, 2024, the committee, led by the Large and Medium Industries and Infrastructure Development Minister MB Patil, gave the green light to these proposals, foreseeing the creation of 33,771 job opportunities throughout the state.

Noteworthy among the approved ventures are proposals from Bengaluru-based entities, Gokula Education Foundation (Medical) and Rashtreeya Sikshana Samithi Trust, with investment commitments of Rs 484.33 crore and Rs 415 crore, respectively. Among the sanctioned projects, 22 exceed the Rs 50 crore mark, poised to draw a combined investment of Rs 4,230.64 crore and generate 24,846 jobs upon realization.

Furthermore, the committee endorsed 104 new projects falling within the Rs 15 crore to Rs 50 crore range, projected to attract Rs 2,056.68 crore in investments and provide employment to 8,425 individuals. This comprehensive approval ensures a balanced investment distribution across various regions of the state. Additionally, the committee approved two proposals entailing supplementary capital investments for existing projects, totaling Rs 120.50 crore.

Aside from the major investments in and around Bengaluru, the committee also approved proposals exceeding Rs 200 crore in other districts of Karnataka. Notable among these are Jayadi Techmac's Rs 485 crore venture to establish a machined casting facility in Belagavi and Dhariwal Industries' Rs 465 crore investment in a mixed-use integrated project in Bengaluru Rural.

News by Rahul Yelligetti