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Karnataka govt approves 64 projects worth Rs 3,587.67 crore

Infrastructure  -  Jun 25,2024  - 

Karnataka has approved 64 projects totaling investments of Rs 3,587.67 crore, projected to generate employment for approximately 13,896 people across the state. The approvals were made during the 146th State-Level Single Window Clearance Committee (SLSWCC) meeting held on Friday.

Among the significant approvals are proposals from International Battery Company India Private Limited and River Mobility Private Limited, with planned investments of Rs 390 crore and Rs 306.9 crore respectively. These projects are set to enhance equitable investments across various regions of the state, particularly benefiting the districts of North Karnataka.

Industries Minister M B Patil, who chaired the meeting, highlighted that the committee approved 13 major projects categorized as large and medium, with capital investments surpassing ₹50 crore. These projects amount to a total investment of Rs 2,046.39 crore and are expected to create employment for around 7,199 people.

Additionally, 47 new projects with investments ranging from Rs 15 crore to Rs 50 crore were sanctioned, totaling Rs 1,058.55 crore. Four other capital investment schemes amounting to Rs 482.73 crore were also approved, which will create employment opportunities for about 150 people.

 

Company : International Battery Company India Pvt Ltd