March 1, 2024


Truth Triumphs

Industrial projects worth Rs. 4,236.26 Cr investments approved

Bengaluru, January 7: Giving a big push to industrial growth, the Industries department late on Thursday approved 87 industrial projects worth Rs 4,236.26 crore that would generate jobs for over 12,251 persons in the State.
The 128th State Level Single Window Clearance Committee (SLSWCC) meeting held under the leadership of Murugesh R Nirani, Minister for Large and Medium Scale Industries cleared the projects.

The committee has considered and approved 13 important large and medium size industrial projects with investment of more than ₹50 crore. These projects worth Rs 2,986.80 crore are expected to create employment opportunities for 4660 persons in the state.
Also, at the 128th SLSWCC meeting, 74 new projects with investment of more than ₹15 crore and less than ₹50 crore were cleared. And these projects worth Rs 1249.46 crore would generate jobs for 7591 people in the state. Total investments of Rs 4,236.26 crore with employment potential for 12,251 people were cleared.

Among new investments approved are M/s Tecchren Batteries Private Limited – Rs.480 Cr, Employment – 200; a Rs.340 crore project by M/s Neotrex Steel Private Limited with employment potential for 150 persons; Rs.313.20 crore investment by M/s Siemens Healthcare Pvt Ltd with 270 jobs; Rs.306.82 crore project by M/s Supreme Sugars Private Limited with an estimated job creation for 315 persons; Rs.276 crore project by M/s Pawan Shakti Papers Private Limited with employment generation for 1000 people; Rs.276 crore investment by M/s Tantia Papers Private Limited, employment – 1000 and Rs.210 crore investment by M/s SATS Food Solutions India Private Limited which is expected to create 310 jobs.

Additional Chief Secretary (Industries & Commerce) EV Ramana Reddy, Commissioner for Industrial Development and Director, Department of Industries & Commerce Gunjan Krishna, KIADB CEO N Shivashankara, Karnataka Udyog Mitra MD Doddabasavaraj and senior officials of various departments attended the 128th SLSWCC meeting.

• The 128th State Level Single Window Clearance Committee clears 87 projects
• They are expected to generate job opportunities to 12,251 people
• Minister Nirani chaired the 128th SLSWCC meeting
• New projects expected to push industrial growth in the state.

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