Karnataka Attracts ₹3,000 Crore Investment: 62 Projects Approved
By Rediff Money Desk, BENGALURU Nov 29, 2023 11:37
The Karnataka government has approved 62 industrial investment proposals worth over ₹3,000 crore, creating over 10,000 jobs. Top investors include Texcon Steels, Hundri Sugars, and Qualcomm India.
Bengaluru, Nov 29 (PTI) The Karnataka government has approved 62 industrial investment proposals worth Rs 3,607.19 crore with an employment generation potential of 10,755 within the state.
The proposals were cleared by the State Level Single Window Clearance Committee, headed by Large and Medium Industries and Infrastructure Development Minister M B Patil at a meeting here on Tuesday.
Eight of them envisaged more than Rs 50 crore investment, totaling Rs 2,088.44 crore. These hold the potential to create 6,360 jobs, the minister's office said in a statement on Wednesday.
Some of the top investors include Texcon Steels, Hundri Sugars and Ethanol Private Ltd, Bren Life Sciences, Alpine Ethanol, Virupaksha Laboratories and Qualcomm India.
Of the total 62 proposals, 51 investment projects are between Rs 15 crore and Rs 50 crore, totaling Rs 941.40 crore, promising employment generation potential of 4,395 within Karnataka, the statement said.
Three projects with an additional investment of Rs 577.35 crore were also approved by the committee.
The proposals were cleared by the State Level Single Window Clearance Committee, headed by Large and Medium Industries and Infrastructure Development Minister M B Patil at a meeting here on Tuesday.
Eight of them envisaged more than Rs 50 crore investment, totaling Rs 2,088.44 crore. These hold the potential to create 6,360 jobs, the minister's office said in a statement on Wednesday.
Some of the top investors include Texcon Steels, Hundri Sugars and Ethanol Private Ltd, Bren Life Sciences, Alpine Ethanol, Virupaksha Laboratories and Qualcomm India.
Of the total 62 proposals, 51 investment projects are between Rs 15 crore and Rs 50 crore, totaling Rs 941.40 crore, promising employment generation potential of 4,395 within Karnataka, the statement said.
Three projects with an additional investment of Rs 577.35 crore were also approved by the committee.
Read More On:
DISCLAIMER - This article is from a syndicated feed. The original source is responsible for accuracy, views & content ownership. Views expressed may not reflect those of rediff.com India Limited.
You May Like To Read
TODAY'S MOST TRADED COMPANIES
- Company Name
- Price
- Volume
- AvanceTechnologies
- 0.94 ( -4.08)
- 36935326
- Vodafone Idea L
- 7.88 ( -2.11)
- 35484083
- Srestha Finvest
- 0.68 (+ 3.03)
- 30298217
- ARC Finance
- 2.78 (+ 2.96)
- 16033600
- Suzlon Energy Ltd.
- 62.50 ( -6.49)
- 13725252
MORE NEWS
Flender India to Invest Further in Indian Market
Flender India, part of the Flender Group, plans to continue investing in the Indian...
Aditya Birla Group to Invest More in US -...
Aditya Birla Group Chairman Kumar Mangalam Birla says the group is looking to invest...
Multipolar World: Jaishankar on Investment Targets
External Affairs Minister S Jaishankar discusses the shift towards a multipolar world...