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Projects worth Rs.23, 382.20 Crores approved at the 42nd State High Level Clearance Committee Meeting
Projects worth Rs.23, 382.20 Crores approved at the 42nd State High Level Clearance Committee Meeting
The Chief Minister chaired the 42nd State High Level Clearance Committee meeting last evening. In the wake of the upcoming global summit, Invest Karnataka 2016, projects worth Rs.23,382.20 crores was approved at the meeting creating 10,407 jobs in the state. Cabinet colleagues, Chief Secretary to Government and other senior officers of the Government were present at the meeting.
Three new projects with a total Investment of Rs. 18,042.20 crores creating 8,757 jobs and three expansion project proposals with an additional investment of Rs.5,340.00 Crores generating an additional employment to 1650 people were approved.
New project proposals:
| # | Name of the company | Location | Product | Inv in Rs. Crores | Emp - Nos |
| 1. | M/s Minera Steel Pvt. Ltd. | Yerabanahalli Village, Sandur Taluk, Bellary District | 0.5 MTPA Integrated Steel Plant with 35 MW Captive Power Plant | 1889.30 | 525 |
| 2. | M/s Wadi Cement Company Pvt. Ltd. | Konchur, Chittapur Taluk, Gulbarga District | 2.5 MTPA Clinker & Portland Cement & Other similar materials | 1352.90 | 232 |
| 3. | M/s Karnataka Solar Power Development Corporation Ltd. | Balasamudra, Tirumani, Kyataganacharlu, Vallur & Rayacharlu Villages of Pavagada Tq, Tumkur District | 2000 MW Solar Park | 14800.00 | 8000 |
|
| Total |
|
| 18042.2 | 8757 |
Expansion proposals:
| # | Name of the company | Location | Product | Addl. Inv in Rs. Crores | Addl. |
| 1 | M/s Udupi Power Corporation Ltd. | Yelluru Village, Udupi District | To increase the capacity from 1200 MW to 2800 MW | 4570.00 | 1000 |
| 2. | M/s. Kirloskar Toyota Textile Machinery Pvt Ltd. | Jigani Village, Anekal Taluk, Bangalore Urban District | Textile Machinery & Engines Diesel Engines, Aluminium Die Casting Parts and Components | 150.00 | 150 |
| 3 | M/s Tata Power Co. Ltd. | Vemgal Industrial Area, Kolar District | Electronic equipment, Telecommunication Devices, PMA Products, Night Vision Devices, Alternate Energy Products, Systems and Sub systems for Railways, Defence etc., | 620.00 | 500 |
|
| Total |
|
| 5340.00 | 1650 |
Total Investment approved (a + b) = Rs. 23,888.20 Crores.
Abstract of approvals
| District wise Abstract of proposals | |||
| District | No. of projects | Inv - Rs.Crores | Emp – Rs. Nos. |
| Bangalore Urban | 1 | 150.00 | 150 |
| Bellary | 1 | 1889.30 | 525 |
| Gulbarga | 1 | 1352.90 | 232 |
| Kolar | 1 | 620.00 | 500 |
| Tumkur | 1 | 14800.00 | 8000 |
| Udupi | 1 | 4570.00 | 1000 |
| Grand Total | 6 | 23382.2 | 10407 |
| Sector wise Abstract of proposals | |||
| Sector | No. of projects | Inv - in Rs.Crores | Emp – Rs. Nos. |
| IRON & STEEL | 1 | 1889.30 | 525 |
| CEMENT | 1 | 1352.90 | 232 |
| ENERGY | 2 | 19370 | 9000 |
| AUTOMOBILE | 1 | 150.00 | 150 |
| ELECTRONICS | 1 | 620.00 | 500 |
| Grand Total | 6 | 23382.2 | 10407 |
