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Volvo India Private Ltd plans to set up truck and bus manufacturing facility in Malur, Kolar (near Bangalore) with an investment of Rs 974 crore.
The facility is likely to give employment to about 2,125 people.
The company’s proposal has been approved by the State high-level clearance committee (SHLCC) chaired by Chief Minister Siddaramaiah which met on Tuesday evening.
Riddhi Siddhi
Along with Volvo India, SHLCC also cleared proposal of Riddhi Siddhi to set up maize-based starch manufacturing unit at Gokak in Belgaum district.
The company is investing Rs 335 crore in the facility which is likely to give employment to 335 people.
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