Bengaluru: 18 projects with a total investment of Rs. 34,432 crores were cleared by the Karnataka government on Friday. The projects are expected to create 48,850 job opportunities.
As per the Chief Minister’s office, during a meeting held by the 59Th state high-level clearance committee, the projects were cleared. The meeting was headed by Chief Minister Basavaraj Bommai, reported The Indian Express.
Industries in sectors such as ethanol, semiconductors, steel, aerospace, machine manufacturing and automobile have come forward to invest in the state of Karnataka said CM Bommai after the meeting.
The projects include 10 additional investment proposals from existing units and eight new industrial establishments including one from Toyota.
Kirloskar Motor Private Ltd. (Rs. 3,661 crore), Truals Bioenergy Ltd-ethanol plant (Rs. 1,856 crore), Applied Materials India-semiconductor sector (Rs. 1,573 crore), Carl Zeiss India Pvt Ltd-spectacle lenses and medical instruments (Rs. 977 crores) , Sri Renuka Sugars-ethanol (Rs. 775 crores), Chidananda Basavaprabhu Kore Co-operative Sugar Factory-ethanol (Rs. 270 crores) and MV Photovoltaic Power Ltd-solar panels (Rs. 232 crores) are some of the major projects that were cleared in the meeting, said the chief minister’s office.