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The Karnataka government’s 91st state-level single window clearance committee (SLSWCC) has cleared TVS Motor Company’s ₹310-crore proposal to expand its Mysuru facility. When expanded, the facility is likely to offer employment to 200 people.
In addition to TVS, SLSWCC also cleared Ruchi Soya Industries ₹455 crore proposal to set up a new facility at Dakshina Kannada in the food and agri-business sector. The new facility, when ready, will offer employment to 1,700 people.
Among the cleared projects by SLSWCC are some publicly listed companies’ proposals like ₹69 crore of South India Paper Mills expansion of its facility at Mysuru offering employment to 50, ₹38 crore expansion of Jindal Aluminium in Bengaluru rural offering jobs to 150 people and ₹10 crore proposal of Page Industries at Tumakuru expansion to offer employment to 500 people.
Karnataka Minister for Large and Medium Industries and Tourism, RV Deshpande, said the SLSWCC meeting held on Saturday cleared 42 projects with a total outlay of ₹3,028 crore and offering employment to 7,114 people.
He further said of the cleared projects, 34 were new ones which combined investment of ₹2,581 crore and offered employment to 6,175 people. SLSWCC also approved eight projects for expansion of its existing facilities with a total investment of ₹449 crore.
The Karnataka government has allocated 5 acres to the Central Institute of Plastic Engineering and Technology (CIPET) for setting up an advanced polymer design and development research laboratory at Devanahalli in Bengaluru. This proposal was proposed by the Union Chemicals and Fertilizers Minister Ananth Kumar at the Invest Karnataka meet held in February.
To promote and market Karnataka, Deshpande said the government is planning to float a ‘Section 8 company’ with the help of industries. “The company, when set up, will have representatives from both the government and the private sector. It will promote and market Karnataka as an investment destination,” he explained.
“Singapore has set up such a company. . We want to try the same model to make Karnataka a most sought-after investment destination,” he added.
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