Friday , October 14 2016
Home / News / Bangalore / Projects worth Rs 3,028 crore cleared in Karnataka

Projects worth Rs 3,028 crore cleared in Karnataka


The state-level single window clearance committee in Karnataka has cleared 42 projects worth Rs 3,028 crores, with employment potential for about 7,114 persons. Out of these projects cleared by the committee headed by Industries Minister R V Deshpande, eight worth Rs 449 crore were expansion projects and likely to create employment to 939 people, the government announced.

Rest 34 projects which are new is worth Rs 2581 crore and will be creating employment to 6,175 people. “Of the projects cleared, for five of them MoU was signed during Invest Karnataka meet. Investment of these projects will be Rs 882 crore and will provide employment to 2,913 people,” Deshpande told reporters here.

The committee also approved the Central Institute of Plastics Engineering and Technology’s (CIPET) proposal to set up an Advanced Polymer Design and Development Research Laboratory (APDDRL), which was announced by Union Chemical and Fertilizer Minister Ananth Kumar during ‘Invest Karnataka Meet’.

“Five acres of KIADB land has been allotted in hi-tech, Defence and Hardware Park at Devenahalli for APDDRL with an investment of 87 crore,” he added.

CIPET will establish the centre with assistance from the central government. The state government was now in the process of identifying a government building to temporarily start the activities on the request of the Union ministry.

On the proposed fertilizer plant and pharma park by the central government, Deshpande said “we are waiting for response from the Union Chemical and Fertilizer ministry, I have already written to them on this. We are ready to give the land.”

“Pharma park is likely to come up near Mysuru, we have in principle decided on it, government of India approval is also required,” he added.

On the proposed non-profit company ‘Invest Karnataka’ to promote industries in the state, and for development of project proposals and market intelligence, Deshpande said this would be soon taken before the cabinet for approval.

The projects cleared by the single window clearance committee today include, Ruchi Soya Industries Limited in Dakshina Kannada with an investment of Rs 455 crore and employment of 1700 people;

Indian oil corporation in Bengaluru urban Rs 150 crores, employing 180 people and expansion of TVS project in Mysuru with an investment of Rs 310 crore, employing 200 people. Majority of the projects cleared are from sectors like IT, food and agri-business, tourism, manufacturing.


Read Also


Panneerselvam must lead all-party delegation to Modi on Cauvery: TN Oppn