Karnataka's state high-level clearance committee (SHLCC) on Wednesday cleared Kalyani Steel's Rs 12,000 crore carbon alloy steel project and JK Cement's Ltd's Rs 2,327 crore new cement plant at its meeting.
A total of 31 projects worth over Rs 1,46,656 crore were cleared by the SHLCC, which was chaired by the Chief Minister, Mr D.V. Sadananda Gowda. These projects will lead to over three lakh jobs in the state.
Prominent projects cleared today are: J K Cement Ltd proposal to set up a plant to produce ordinary Portland cement (OPC), Portland Pozzolana cement (PPC), Portland slag cement (PSC) at Chitapur in Gulbarga district with an investment of Rs 2,326.65 crore.
Shivashankar Minerals Ltd proposes to set up 3.5 million tonne cement plant at Chincholi in Gulbarga with an investment of Rs 2,250 crore.
BMM Isapt plans to set up 3 MW gas-based integrated iron and steel plant at Dhanapura Village, Mariiyammanahalli Hobli, Hospet Taluk, Bellary District at a cost of Rs 16,229.68 crore.
Kalyani Steel Ltd plans to set up plant to make carbon alloy steel and stainless steel at Yadgir district with an investment of Rs 12,000 crore.
Atria Power Corporation, with an investment of Rs 4,905 crore, is planning to set up a 5 MW mega solar thermal power units spread over 75 taluks in 13 districts in the state.
Sun Forest City Ventures Ltd is planning to build Project Vayu – which will offer a complete ecosystem for aerospace industries in Bangalore Aerospace Park near Bangalore International Airport Ltd (BIAL) at Devanahalli.
The project will involve an investment of Rs 9,394 crore.
The project will be executed in three phases, spread over 12 years and is likely to offer employment to 2.42 lakh people.
According to the current status, there are 39 projects which have been implemented since the last Globla Investors Meet held in 2010 and involve a total investment of Rs 5,370 crore.
About 277 projects are in the various stages of implementation with an investment of Rs 2.94 lakh crore.
SHLCC meet was also attended by the Industries Minister, Mr Murugesh Nirani; the Chief Secretary, Mr Ranganath; the Principal Secretary, Mr K. Jyothiramalingam; and the Commissioner, Industries Department, Mr Maheshwar Rao.