1. Karnataka govt clears two projects worth Rs 20,235 crore

Karnataka govt clears two projects worth Rs 20,235 crore

The projects are expected to create employment to 1,300 persons.

By: | Bengaluru | Published: August 29, 2015 7:59 PM
Siddaramaiah

The projects are expected to create employment to 1,300 persons.

The State High Level Clearance Committee, headed by Karnataka Chief Minister Siddaramaiah, has approved two projects with an investment of Rs 20,235 crore.

The projects are expected to create employment to 1,300 persons.

The 39th State High Level Clearance Committee meeting has also approved amendment to projects which were cleared in earlier meetings.

In today’s meeting, new proposals of Anthem Biosciences Pvt Ltd with an investment of Rs 235 crore, and Mangalore Refinery and Petrochemicals Limited with an investment of Rs 20,000 crore were cleared.

These projects will come up at Ramanagara and Mangaluru respectively, Chief Minister’s office said in a statement.

The committee has also cleared three IT projects proposed by Infosys with a total investment of Rs 1,918 crore which would generate employment to about 27,000 people.

The projects cleared by the committee for Infosys include setting up a SEZ near Konappana Agrahara in 10.04 acres with an investment of Rs 625 crore which is expected to generate employment for about 8,500 people and another 5 acre near Konappana Agrahara for Software Technology Park with an investment of Rs 1,079 crore and employment to about 15,000 people.

It also cleared 3.5 acres in Electronic City second stage for setting up Software Technology Park with an investment of Rs 216 crore to employ 3,500 people.

During 2013-14, the committee approved 255 projects with an investment of Rs 42,176.54 crore, generating employment for 1,71,451 persons.

During 2014-15, it approved 108 projects with an investment of Rs 54,433.01 crore, generating employment for 56,101 persons, the statement said.

During 2015-16 so far, the committee has approved 76 projects with an investment of Rs 3,783.99 crore, generating employment for 15,028 persons.

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