Karnataka govt approves 87 projects worth Rs 4,236 crore

12 Jan 2022 CW Team

Karnataka's Industries Minister Murugesh Nirani has announced that 87 industrial projects worth Rs 4,236.26 crore have been approved.

The State Level Single Window Clearance Committee (SLSWCC), which Nirani chairs, approved these projects late Thursday in its 128th meeting.

Nirani told the media that the new clearances would give Karnataka's industrial growth a big push.

Siemens Healthcare will invest Rs 313.20 crore, Tecchren Batteries will invest Rs 480 crore, Neotrex Steel will invest Rs 340 crore, Supreme Sugars will invest Rs 306.82 crore, Pawan Shakti Papers will invest Rs 276 crore, Tantia Papers will invest Rs 276 crore, and SATS Food Solutions India will invest Rs 210 crore.

Nirani told the media that 13 of the projects approved are large and medium-sized, with an investment of more than Rs 50 crore and a total investment of Rs 2,986.80 crore, which will create 4,660 jobs. A total of 74 projects have a budget of between Rs 15 and Rs 50 crore. They are valued at Rs 1,249.46 crore.

Karnataka Udyog Mitra is the Secretariat for granting approvals and sanctioning infrastructure facilities for approved projects as the State Government's investment promotion and facilitation agency.

The State Level Single Window Clearance Committee (SLSWCC), chaired by the Minister for Large and Medium Scale Industries, Government of Karnataka, will approve projects worth between Rs 15 crore and Rs 100 crore.

If the investment exceeds Rs 100 crore, the State High-Level Clearance Committee (SHLCC), chaired by the Chief Minister of Karnataka, will approve it.

Image Source

Also read: PM Modi inaugurates Rs 600 cr development projects in Goa

Infrastructure Urban

06 Apr 2026

InsideFPV Delivers ₹10 Crore Kamikaze Drone Order Under MoD’s EPR Route

InsideFPV, a Surat-based drone technology manufacturer, has successfully executed a ₹10 crore defence contract to supply indigenous kamikaze drones under the Ministry of Defence’s Emergency Procurement Route (EPR). The company completed the delivery of hundreds of FPV kamikaze drone platforms within a rapid two-month timeframe, highlighting its ability to meet urgent military procurement timelines.The supply orders were fulfilled under the emergency procurement mechanism, which is aimed at fast-tracking acquisitions for immediate operational needs. InsideFPV’s quick execution reflects it..

Vedanta Resources Secures Fitch Upgrade to ‘BB-’, Best Rating Since 2015

Vedanta Resources Limited (VRL), a global player in metals, oil & gas, critical minerals, power and technology, has received a credit rating upgrade from Fitch Ratings, marking its strongest bond rating in over a decade.Fitch has raised Vedanta Resources’ Long-Term Foreign-Currency Issuer Default Rating (IDR) to ‘BB-’ from ‘B+’, while maintaining a Stable Outlook. The agency also upgraded VRL’s senior unsecured rating, along with the ratings of US dollar-denominated bonds issued by Vedanta Resources Finance II Plc and guaranteed by VRL, to ‘BB-’.The upgrade represents Vedan..

NAREDCO NextGen NCR Chapter Launched

The NAREDCO NextGen NCR Chapter was recently launched at Excelerate 2026 in Mumbai, marking a key step towards integrating emerging real estate leaders from the National Capital Region with the national platform. The initiative aims to promote sustainable and responsible urban development through collaboration and knowledge exchange.The event brought together young developers, entrepreneurs, and professionals from across NCR, including Noida, Gurugram, Ghaziabad, Faridabad, Bhiwadi, and Meerut. Discussions focused on urban development, finance, sustainability, innovation, and policy, emphasisi..