Karnataka Government approves 91 investment projects worth INR 7660 crore

Karnataka Government approves 91 investment projects worth INR 7660 crore

Karnataka Government

Mumbai, 18th September 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 is 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 the 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

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