Major industrial projects, expected to fetch Rs 63,561 crore of investment to Karnataka, were given green signal by the Karnataka State High Level Clearance Committee on Investments chaired by chief minister HD Kumaraswamy. They include 10 IT/ITeS SEZs, 16 IT/BT parks, seven sugar mills, five steel projects, four tourism projects, electronic hardware SEZ and investments in textiles, aviation, cement and cogeneration.
Industries minister Katta Subrahmanya Naidu said 59 projects were approved. It is expected to create an employment of close to 1 million. Of the total projects approved, 24 are located in and around Bangalore, said Industries minister. Jupiter Aviation, promoted by entrepreneur and MP Rajiv Chandrashekar, would invest close to Rs 600 crore in Hassan to set up an aviation training academy and an inland container depot. Jade Holdings has proposed to set up a textile SEZ in Bidar. The steel projects are: 1 lakh tonne plant in Bellary district by Arihant Ispat with an investment of Rs 241.6 crore; sponge iron plant by Srirama Steel Holdings in Bellary district at Rs 450 crore and a mini-steel plant by Dhruvadesh Metal Steels in Koppal district with an investment of Rs 146 crore.
Source : www.indian-commodity.com
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