Karnataka Government approves 91 investment projects worth INR 7660 crore
Bengaluru, September 16, 2023: The State Level Single Window Clearance Committee (SLSWCC) on Friday cleared 91 industrial investment proposals worth Rs 7,659.52 crore with an employment generation potential of 18,146 within the state.
The SLSWCC committee headed by Shri. M.B. Patil, Honorable Minister for Large and Medium Industries, and Infrastructure Development approved 26 projects involving more than Rs 50 crore investment, totaling Rs 5,750.73 crore. These hold potential to create 13,742 jobs.
Some of the top investors include Maruti Suzuki India, Aequs Consumer, South West Mining and Tata Semiconductor, and Krypton (India) Solutions Private Ltd among others.
Of the total 91 proposals, about 57 investment projects are between Rs 15 crore to Rs 50 crore totaling Rs 1,144.94 crore, promising employment generation potential of 4404 within Karnataka.
Eight projects with an additional investment of Rs 763.85 crore were also approved by the committee.
Principal Secretary of Commerce and Industries Dr. S Selvakumar, Gunjan Krishna, Commissioner for Industrial Development, Mohammad Mohsin, Secretary, Department of Labour, Dr. M Mahesh, CEO, KIADB, Darshan H V, Director, Department of IT/BT, Doddabasavaraju, Managing Director of Karnataka Udyog Mitra were present at the meeting.
Following are the major investment/project proposals approved in the meeting:
M/s Pratibha Patil Sugar Industries Pvt
Location: Kannur Village, Vijayapur Taluk, Vijayapur District
Investment: Rs 489.50 crore
Employment: 275
M/s Gurudev BioRefineries & Allied Industries Private Limited
Location: Tadavalaga Post, Indi Taluk, Vijayapura District
Investment: Rs 488.49 crore
Employment: 255
M/s Devashree Ispat Private Limited
Location: Halwarti Village, Koppal Taluk & District
Investment: Rs 470 crore
Employment: 800
M/s. Aequs Consumer Products Private Limited Unit 3
Location: Ittigatti Village, Dharwad District
Investment: Rs 456 crore
Employment: 1187
M/s. Integrated Solar Power Private Limited
Location: Mindahalli Industrial area, Kolar District
Investment: Rs 441.8 crore
Employment: 720
M/s South West Mining Limited
Location: Musinayakanahalli village and Torangallu Village, Sandur Taluq Bellary district
Investment: Rs 411 crore
Employment: 65
M/s Shashi Alloys Private Limited
Location: Bhairanayakanahalli village, Nayakanahatti, Hobli, Chitradurga
Investment: Rs 380 crore
Employment: 400
M/s SFS Group India Private Limited
Location: Kanagala Industrial Area, Belagavi district
Investment: Rs 250 crore
Employment: 844
M/s Mysore Petro Chemicals Limited
Location: Deosugar, Raichur District
Investment: Rs 240 crore
Employment: 157
M/s Lam Research India Pvt Ltd
Location: Raman Nagar, Bengaluru
Investment: Rs 235.91 crore
Employment: 1724
M/s Tata Semiconductor Assembly And Test Private Limited
Location: Kolar Taluk and district
Investment: Rs 200 crore
Employment: 155
M/s Maruti Suzuki India Limited
Location: Nelamangala Taluk, Bengaluru Rural District
Investment: Rs 137.6 crore
Employment: 1908
