Karnataka set to receive ₹34,115 crore investment via 14 projects

14 projects were shortlisted, of which 10 are new ones, while the remaining four are part of pre-existing investments.

Published on: Dec 13, 2023, 13:48:33 IST

By Yamini C S

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In good news for Karnataka, a committee approved projects worth ₹34,115 crore in the state, boosting development and giving way to over 13,000 new jobs. The committee, called the State High-Level Clearance Committee (SHLCC) is led by Karnataka Chief Minister Siddaramaiah, news agency PTI reported.

A total of 14 projects were shortlisted by the committee, of which 10 are new ones making up an investment of ₹19,452.40 crore, while the remaining four are part of pre-existing investments, worth ₹14,662.59 crore, the agency quoted Minister for Large and Medium Industries, and Infrastructure Development, MB Patil, as saying.

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iPhone maker Foxconn is also a part of the investment, ready to set up a manufacturing facility near the outskirts of Bengaluru where it has already acquired 300 acres of land. The Taiwanese company is estimated to invest around ₹13,911 crore additionally for the same.

Here are some other projects that have received the green signal:

JSW Renew Energy Four Limited - ₹4,960 crore investment
JSW Steel Limited - ₹3,804 crore investment
Toyota Kirloskar Motor Private Limited - ₹3,237.30 crore investment
TRIL Bengaluru Real Estate Six Limited - ₹3,273 crore investment and
Janki Corp Limited - additional investment of ₹607 crore.

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JSW Renew Energy Four Limited, Janki Corp Limited, JSW Steel Limited, and Orient Cement Limited will cumulatively invest ₹9,461 crore in North Karnataka, making way for 3,538 jobs in the region.

ABOUT THE AUTHOR
Yamini C S
Yamini CS is a Senior Content Producer at Hindustan Times with nearly six years of experience in digital journalism. She is part of the India News desk, where she works on a wide range of stories cutting across civic issues, city-based developments, politics, governance, public policy, breaking news, trending topics, and international affairs that have an impact on India. Her role involves tracking fast-moving developments, verifying information from official and on-ground sources, and presenting news in a clear, accessible format for a digital-first audience. A significant part of her work includes handling live blogs during major news events, such as elections, court verdicts, political developments, civic disruptions, protests, weather-related alerts, and unfolding national or international incidents. Through live coverage, she focuses on timely updates to help readers follow complex stories as they evolve. Before moving to the broader India News desk, Yamini was associated with the Bengaluru desk at Hindustan Times, where she extensively covered urban governance, infrastructure, traffic and transport issues, weather events, public grievances, and civic administration in the city. This experience strengthened her grounding in city reporting and sharpened her focus on citizen-centric journalism. She began her career as a correspondent with Reuters after completing a postgraduate diploma in journalism from the Indian Institute of Journalism and New Media. Her early training instilled a strong emphasis on accuracy, sourcing, and news ethics, which continue to shape her reporting style. Outside of work, Yamini enjoys reading across genres, listening to music, and spending time with her family, which help her maintain balance in a fast-paced newsroom environment.Read More