News Karnataka
Saturday, December 02 2023

Karnataka government clears 91 projects worth 7,660 Crores

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Photo Credit : News Karnataka

Bengaluru: The Karnataka state government has given the green signal to a total of 91 projects, authorizing capital investments in state. This decision was taken during the 140th meeting of the state-level monitoring committee, presided over by Large and Medium Industries Minister M.B. Patil.

These approved projects are expected to create significant employment opportunities, benefiting approximately 18,146 individuals, according to a press release by Minister M.B. Patil.

Among the sanctioned projects, 25 major large and medium projects, each with an investment exceeding Rs 50 crore, have been granted approval. These projects are set to receive capital investments amounting to Rs 5,750.73 crore and are poised to generate employment for around 13,742 people. Additionally, 57 new projects with investments ranging from Rs 15 crore to Rs 50 crore have been given the green signal. These projects will bring in an investment of approximately Rs 1,145 crore and provide job opportunities for about 4,404 individuals.

The committee also approved eight projects involving additional capital investments, with a total capital infusion of Rs 763.85 crore.

The meeting, attended by key officials including S Selvakumar, Commissioner of the Commerce and Industry Department, Gunjan Krishna, Labor Department Secretary, Mohammad Mohsin, KIADB Chief Executive Officer, Dr. M. Mahesh, ITBT Department Director, H. V. Darshan, and Karnataka Udyoga Mitra Managing Director Doddabasavaraju, marked a significant step in promoting industrial growth and employment generation in Karnataka.

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