Karnataka clears investment proposals worth more than ₹2,000 crore

The Karnataka government has cleared a total of 59 investment proposals worth ₹2,627.88 crore, promising to create 9,764 jobs.

The Karnataka government has cleared a total of 59 investment proposals worth ₹2,627.88 crore, promising to create 9,764 jobs. The proposals were cleared at the 136th State Level Single Window Clearance Committee (SLSWCC) meeting held under the chairmanship of State Large and Medium Industries Minister Murugesh R Nirani here on Monday.

Karnataka Minister for Large and Medium-scale Industries Dr. Murugesh R Nirani in Bengaluru last month. (ANI Photo) (Shashidhar Byrappa)

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The committee considered and approved seven important large and medium size industrial projects with investments of more than ₹50 crore.

These projects worth ₹852.06 crore are expected to create employment opportunities for 3,860 people in the state, the Ministers office said in a statement.

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It said the SLSWCC also cleared 48 new projects with investments of more than ₹15 crore and less than ₹50 crore. These projects worth ₹923.09 crore would generate jobs for 4,444 people in the state.

Four projects of additional investment have also been approved which will result in an investment of ₹852.73 crore and would generate 1,460 employment opportunities.