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 Urban

Hexalog Appoints Vishal Shukla as Chief Transformation Officer

Hexalog, a cross-border supply chain and logistics company, has appointed Vishal Shukla as Chief Transformation Officer (CTO) to lead its operational transformation, technology adoption and expansion into new international markets.In his new role, Shukla will oversee the company's transformation strategy across operations, technology, product development and business expansion. His responsibilities include standardising processes, developing scalable operating models, strengthening existing trade corridors and introducing new fulfilment solutions for cross-border businesses.Shukla brings nearl..

Next Story
Real Estate

Dhuleva Group Awards 80-Storey Tower Contract to Eversendai

Dhuleva Group has awarded the core and shell structural construction contract for Dhuleva One50, an upcoming 80-storey ultra-luxury residential tower in South Mumbai, to Malaysia-based engineering and construction company Eversendai.Located near the Babulnath district, the development is planned as a high-rise residential landmark offering panoramic views of the Arabian Sea and Mumbai's skyline. The project will combine contemporary architecture with advanced engineering and premium residential facilities.Eversendai will undertake the structural construction works, drawing on its experience in..

Next Story
Building Material

Nuvoco Marks 10 Years, Targets 35 MMTPA Capacity by FY28

Nuvoco Vistas Corporation Limited is celebrating a decade of operations under the theme ‘Dus Saal Bemisaal’, highlighting its expansion in India's building materials sector. The company has grown from a single cement manufacturing facility into a diversified organisation operating across cement, ready-mix concrete (RMC) and modern building materials.The company's journey began in 2014 when its parent, Nirma Group, commissioned a 2 million metric tonnes per annum (MMTPA) greenfield cement plant at Nimbol, Rajasthan. A major milestone followed in October 2016 with the acquisition of Lafarge ..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code