+
Karnataka Approves Rs. 34,115 Crore Projects
ECONOMY & POLICY

Karnataka Approves Rs. 34,115 Crore Projects

Karnataka's State High-Level Clearance Committee, led by Chief Minister Siddaramaiah, approved 14 projects worth a staggering Rs. 34,115 crore on Tuesday. These projects are projected to create over 13,000 jobs across the state.

Out of the approved proposals, 10 are new projects valued at Rs. 19,452.40 crore, with the remaining four being additional investments totaling Rs. 14,662.59 crore.

The committee greenlit Taiwanese electronics giant Foxconn's proposal to further invest Rs. 13,911 crore in the state, adding to their existing investment of Rs. 8,000 crore.

Other significant approvals included projects from JSW Renew Energy Four Limited (Rs. 4,960 crore), JSW Steel Limited (Rs. 3,804 crore), Toyota Kirloskar Motor Private Limited (Rs. 3,237.30 crore), and TRIL Bengaluru Real Estate Six Limited (Rs. 3,273 crore). Additionally, Janki Corp Limited received approval for an additional investment of Rs. 607 crore.

Several projects specifically focused on generating employment and boosting industrial growth in North Karnataka were also approved. These include JSW Renew Energy Four Limited, Janki Corp Limited, JSW Steel Limited, and Orient Cement Limited. Collectively, these projects will bring in Rs. 9,461 crore in investments and create 3,538 jobs in the region.

Karnataka's State High-Level Clearance Committee, led by Chief Minister Siddaramaiah, approved 14 projects worth a staggering Rs. 34,115 crore on Tuesday. These projects are projected to create over 13,000 jobs across the state. Out of the approved proposals, 10 are new projects valued at Rs. 19,452.40 crore, with the remaining four being additional investments totaling Rs. 14,662.59 crore. The committee greenlit Taiwanese electronics giant Foxconn's proposal to further invest Rs. 13,911 crore in the state, adding to their existing investment of Rs. 8,000 crore. Other significant approvals included projects from JSW Renew Energy Four Limited (Rs. 4,960 crore), JSW Steel Limited (Rs. 3,804 crore), Toyota Kirloskar Motor Private Limited (Rs. 3,237.30 crore), and TRIL Bengaluru Real Estate Six Limited (Rs. 3,273 crore). Additionally, Janki Corp Limited received approval for an additional investment of Rs. 607 crore. Several projects specifically focused on generating employment and boosting industrial growth in North Karnataka were also approved. These include JSW Renew Energy Four Limited, Janki Corp Limited, JSW Steel Limited, and Orient Cement Limited. Collectively, these projects will bring in Rs. 9,461 crore in investments and create 3,538 jobs in the region.

Related Stories

Gold Stories

Next Story
Infrastructure Transport

97 Per Cent Of Rongjeng-Mangsang-Adokgre Road Nears Completion

Deputy Chief Minister in-charge of public works Prestone Tynsong said in Shillong on 26 August that 97 per cent physical progress had been achieved on the ongoing Rongjeng-Mangsang-Adokgre road being constructed under the Non-Lapsable Central Pool of Resources (NLCPR). He noted the project was sanctioned in 2017 and that the stipulated time for completion had been 24 months from issue of the final work order. The deputy chief minister informed the assembly that the government had decided to include the remaining work under a World Bank project. In reply to a query from Rongjeng MLA Jim M Sangm..

Next Story
Infrastructure Transport

First TBM Starts Digging Five Point Three Kilometre Tunnel Under SGNP

The Goregaon-Mulund Link Road (GMLR) Phase three (B) project has reached a key milestone as the first tunnel boring machine (TBM) began excavation of the first of two tunnels beneath the Sanjay Gandhi National Park (SGNP). The machine, named Tulsi, started cutting a five point three kilometre bore that will link Dadasaheb Phalke Chitranagari in Goregaon East with Amar Nagar in Mulund West. Officials issued a statement noting the commencement of tunnelling work under the protected green belt. The twin tunnels are being constructed using mechanised tunnelling methods that aim to limit surface di..

Next Story
Infrastructure Transport

UP Approves Two Expressways And Rs 240 bn Infrastructure Push

The Uttar Pradesh Cabinet approved a series of infrastructure and industrial investment proposals totalling Rs 240 billion (Rs 240 bn), including two major expressway projects, a manufacturing and logistics cluster in Sultanpur and incentives for 11 industrial projects across the state. The decisions, taken at a meeting chaired by Chief Minister Yogi Adityanath, underline the state government’s focus on expanding road connectivity around emerging industrial hubs while attracting manufacturing investment to districts beyond major urban centres. The approvals cover both greenfield expressway c..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code