The Karnataka government has approved 62 industrial investment proposals valued at Rs 3,607.19 crore, aiming to generate employment for 10,755 individuals within the state.
These proposals received approval from the State Level Single Window Clearance Committee, headed by Large and Medium Industries and Infrastructure Development Minister, Mr. M. B. Patil, during a meeting held on Tuesday.
Key investors involved in these approved projects include Texcon Steels, Hundri Sugars and Ethanol Private Limited, Bren Life Sciences, Alpine Ethanol, Virupaksha Laboratories, and Qualcomm India, among others.
Eight of them envisaged more than Rs 50 crore investment, totaling Rs 2,088.44 crore. This substantial investment has the potential to create 6,360 jobs, as declared by the committee on Wednesday.
Among the 62 proposals, 51 investment projects fall within the range of Rs 15 crore to Rs 50 crore, amounting to Rs 941.40 crore. These projects are expected to contribute to the employment of 4,395 individuals in Karnataka.
Additionally, the committee approved three projects with an extra investment of Rs 577.35 crore.