SHLCC approves Rs 341.15 bn worth projects, creates 13,308 jobs

15 Dec 2023 CW Team

The State High-Level Clearance Committee (SHLCC), led by Chief Minister Siddaramaiah, sanctioned 14 projects valued at Rs 341.15 billion, with the potential to generate 13,308 jobs statewide.

Out of the 14 projects approved by the SHLCC, 10 are novel ventures amounting to Rs 194.5240 billion, while the remaining four constitute additional investment projects valued at Rs 146.6259 billion.

Addressing the media in Belagavi, Industries Minister MB Patil revealed that JSW Energy (Rs 49.60 billion), JSW Steel (Rs 38.04 billion), Toyota Kirloskar Motor (Rs 32.37 billion), TRIL Bengaluru Real Estate Six (Rs 32.73 billion), and Janki Corp Limited (Rs 6.07 billion) have proposed investments. Additionally, Foxconn has proposed an additional investment of Rs 139.11 billion.

Patil emphasised that several proposals aimed at stimulating employment and industrial growth in North Karnataka received approval. Notable projects include JSW Renew Energy Four, Janki Corp, JSW Steel, and Orient Cement. These four initiatives are set to contribute a cumulative investment of Rs 94.61 billion and generate 3,538 jobs in North Karnataka, according to Patil.

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..