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.

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