Karnataka gives nod to 78 industrial projects worth rupees 5298.69 crore investment

Bengaluru, March 19th: The State Industries and Commerce Department recently cleared a total of 78 investment proposals worth Rs 5298.69 crore promising 13917 jobs.

The 138th State Level Single Window Clearance Committee (SLSWCC) meeting was held under the chairmanship of Dr. Murugesh R Nirani, Minister for Large and Medium Scale Industries, at the Karnataka Udyog Mitra office.

The committee considered and approved 17 important large and medium size industrial projects with investments of more than Rs 50 crore. These projects are worth Rs. 3552.66 crores and are expected to create employment opportunities for 6933 persons in the state.

At the SLSWCC meeting, 59 new projects with investments of more than Rs 15 crore and less than Rs 50 crore were also cleared. These projects worth Rs 1542.88 crore would generate jobs for 6984 people in Karnataka.

Two projects of additional investment have also been approved, which will result in an investment of Rs 203.15 crore and would generate massive employment opportunities.

In total, 78 investment proposals worth Rs 5298.69 crore promising 13197 jobs were approved in the meeting.

Dr. S. Selvakumar, Principal Secretary (commerce & Industries), Ms. Gunjan Krishna, Commissioner for Industries, Mr. R. Girish, CEO, KIADB, Mr. Gangadharaiah, Managing Director, Karnataka Udyog Mitra and other senior officers of the department were present.

The following major investment/project proposals were approved in the meeting:

M/s VINP Distilleries and Sugars Pvt. Ltd., (UNIT II), Uttar Kannada, Inv – 499.25, Cr, Emp – 470

M/s Muthiah Beverage and Confectionery Private Limited, Tamil Nadu, Inv – 475 Cr, Emp – 298

M/s Ceylon Beverage Can Pvt Ltd, Tamil Nadu, Inv – 439.18 Cr, Emp – 500

M/s Anvish Ventures, Bengaluru, Inv – 488.20 Cr, Emp –1050

M/s MRN Chamundi Canepower and Biorefineries Private Limited Bagalkote, Inv –248.02 Cr,
Emp – 461

M/s Venus Technologies, Bengaluru – Inv – 249.70 Cr, Emp – 700

M/s Shiraguppi Sugar Works Limited KAGWAD, Belgaum, Inv –180 Cr, Emp – 670

M/s Landsky Automation and Process Solutions Pvt Ltd Telangana Inv – 127.2 Cr, Emp –365

M/s Shri Keshav Cements and Infra Limited Belgaum, Bengaluru, Inv -124 Cr, Emp – 168

M/s ASK Automobiles Pvt Ltd Kolar, Inv –117.7 Cr, Emp – 700

M/s Panchamrutha Industries Private Limited Dharwad, Inv – 98 Cr, Emp – 86

M/s Agastya Agro Limited Secunderabad, Inv – 95 Cr, EMP – 204

M/s Yonex India Private Limited Bengaluru Urban, Inv – 92 Cr. Emp – 475

M/s Yana Solar Private Limited Bengaluru, Inv – 90.14 Cr, Emp – 200

M/s Shalimar Incense Private Limited, Bengaluru, Inv – 81.27 Cr, Emp – 91

M/s Isha Foods Bengaluru, Inv – 80 Cr, Emp – 295

M/s. MiDaz Home Craft Bengaluru Urban, Inv – 68 Cr, Emp -200

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