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Karnataka govt's Single Window Clearance panel approves 20 projects
Automotive Industries - Aug 20,2024 -The 147th Karnataka State-Level Single Window Clearance Committee approved 20 projects totaling an estimated Rs 2,280.52 Crore.
These ventures will create employment for around 3,457 people across the state. Among the notable approvals, Toyotetsu India Auto Parts Pvt Ltd and ILV South Warehousing Parks Pvt Ltd plan to invest an estimated 450 INR-Crore and 423 INR-Crore, respectively.
Toyotetsu India Auto Parts is investing in its fourth plant in Bidadi to meet the growing demand for Innova Hycross.
Meanwhile, Aoyama Seisakusho Co intends to invest around 210 INR-Crore in establishing an automotive fasteners production facility at Vasanthnarsapura.
The SLSWCC also approved six major large and medium projects in Karnataka. The capital investments exceed Rs 50 Crore each, amounting to Rs 2,025.71 Crore. These will generate employment for approximately 2,440 people.
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