Karnataka Govt Clears Investment Proposals Worth Rs 13,487 Crore, Includes Rs 4,000 Crore Private Township Near Bengaluru

Karnataka State High-Level Clearance Committee chaired by Chief Minister (CM) B S Yediyurappa on Wednesday (12 May) approved nine projects with a total investment of Rs 13,487 crore in the state.

The state government expects that these investments will generate direct employment opportunities to 6,256 people.

While Rs 13,174 crore among the approved projects pertains to fresh investments, Rs 312 crore investment comes as additional investment in Vijayapura-based Mylar Sugar, reports The Hindu.

The highlight of the approved projects is Rs 4,042-crore integrated township project at Yelahanka, northern suburb of Bengaluru, being developed by Rasasri Tech Park Ltd.

All the investment proposals that were approved are distributed across various districts and not just around the capital city.

Beside the integrated township at Yelahanka, other projects include a Rs 2,527 crore glass and glass products manufacturing plant on 300 acres near Mangaluru by Gold Plus Glass Industry; Rs 2,000 crore data centre services on ten acres at Bidadi by NxtGen Datacenter and Cloud Technologies Ltd., and Rs 1,000 crore cutting tools plant on 40 acres at Chickballapur by YG Cutting Tools Corporation.

Additionally, JSW Techno Projects Management Ltd is going to invest Rs 892 crore on an area of 8.27 acre in Ballari district; Grasim industries will set up Rs 731 crore paint factory on 102 acres in Chamarajanagar district; Emmvee Photovoltaic Power will invest Rs 825 crore for solar photovoltaic module manufacturing unit at Dabaspet; and Shree Cements will set up clinker grinding and cement bagging plant on 70 acres with Rs 600 crore at Doddaballapur.