Karnataka Government Approves Investment Projects Worth ₹6,407.82 Crores

With an aim to boost economic growth and employment opportunities, the Karnataka State-Level Single Window Clearance Committee (SLSWCC) has given the granted approval ro 128 investment projects totaling ₹6,407.82 crores. Led by Large and Medium Industries and Infrastructure Development Minister M B Patil, the committee approved these projects during its recent meeting held at the Karnataka Udyog Mitra (KUM) office.

These approved projects hold the potential to generate employment for approximately 33,771 individuals across various sectors throughout the state. Among the notable projects are proposals put forth by Bengaluru-based companies such as the Gokula Education Foundation (Medical) and the Rashtreeya Sikshana Samithi Trust, with investments amounting to ₹484.33 crores and ₹415 crores, respectively.

The committee’s nod extends to 22 projects valued at over ₹50 crores each, collectively attracting an investment of ₹4,230.64 crore and promising to create 24,846 job opportunities. Additionally, 104 new projects falling within the ₹15 crore to ₹50 crore investment range have been approved, foreseeing an infusion of ₹2,056.68 crore into the state’s economy and the creation of 8,425 jobs.

Furthermore, the committee has endorsed proposals for additional investments in existing projects, totaling ₹120.50 crore, further reinforcing the state’s economic landscape.

Notably, the approved projects are not confined to Bengaluru alone. The committee has also given its nod to investments exceeding ₹200 crore in various districts across Karnataka. Jayadi Techmac Private Ltd’s ₹485 crore proposal to establish a machined casting unit in Belagavi and Dhariwal Industries Pvt Ltd’s ₹465 crore investment towards a mixed-use integrated project in Bengaluru Rural are among the significant ventures sanctioned outside the capital.

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