The Karnataka State high-level clearance committee (SHLCC) chaired by Chief Minister Siddaramaiah has cleared 10 projects with an investment of over Rs 10,044 crore. The projects are expected to create 14,105 jobs in 10 districts.
Intel Technology India is investing Rs 600 crore to set up its research and development (R&D) centre in Bangalore. About 4,200 people are expected to be employed at the centre.
SHLCC also cleared Khayati Steel Industries Ltd proposal in Mandya to build facility to make TMT bars. The project is worth Rs 235 crore and plans to employ 320 people.
Volvo India is setting up a 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 2,125 people.
Riddhi Siddhi
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
JSW Steel will invest Rs 6,930 crore to strengthen its 10 mtpa steel manufacturing facility by improving infrastructure at Sandur in Bellary district. Its employment potential is 313.
Toyota Mitsubishi will invest Rs 250 crore to set up rotating motors and power equipment facility at Vasantapur industrial estate near Tumkur. The facility is likely to employ 548 people.
Minister for Information Technology and Biotechnology S.R. Patil, Minister for Water Resources M.B. Patil, Minister for Agriculture Krishna Byre Gowda, Chief Secretary Kaushik Mukherjee, Additional Chief Secretary Arvind Jadhav and Additional Chief Secretary M.N. Vidyashankar attended the meet.