Karnataka clears 19 projects worth Rs.14,818 crore

Bangalore, Aug 23 : The Karnataka government Friday cleared 19 projects across verticals worth Rs.14,818 crore investment, with eight of them to be set up in and around Bangalore.

"The state high-level cabinet committee cleared the 19 investment proposals at a meeting here under the chairmanship of Chief Minister Siddaramaiah with ministers and officials concerned," a senior official told IANS here.

Among the companies whose major projects were cleared at the meeting are Infosys Ltd, Wipro Enterprises Ltd, Cognizant Technology Solutions India Ltd, Tech Mahindra, Asian Paints, Kirloskar Toyoda Textile Machinery Ltd, The Himalaya Drug Co, Tata Power and Medrich Ltd.

"The projects are across verticals spanning automobiles (3), chemicals (3), electronics (2), engineering (2) iron and steel (1) software (5), sugar (2) and tourism (1)," the official said.

The projects are expected to direct employment to about 70,000 people across the state.

"In a bid to decongest Bangalore and promote investments across the state, the committee has permitted six projects to come up in Bangalore Rural district and only two in Bangalore Urban district," the official added.

Two projects will be located in Mysore district and one each in Bagalkot, Belgaum, Bijapur, Dakshina Kannada, Dharwad, Kolar, Koppal, Ramangara and Tumkur.

The six projects in Bangalore Rural district, including that of IT bellwethers Infosys and Wipro with a combined investment of Rs.4,398 crore is projected to generate 23,302 direct jobs, while two projects in Bangalore Urban district worth Rs.2,145 crore will create a whopping 36,745 jobs.

--IANS (Posted on 23-08-2013)

karnataka-news headlines

Karnataka orders Toyota, union to restore normalcy

Women turnout highest-ever in LS polls in Karnataka

Ex-Infosys honcho to campaign for Kejriwal

67 percent polling in Karnataka; lowest in Bangalore

65 percent polling in Karnataka's 28 LS seats

61 percent polling in Karnataka, 50 percent in Bangalore

Karnataka directed to build wall across controversial canal

Congress will win big in Karnataka: CM

As many as 7 people die during polling in Karnataka

Nilekani hopeful of winning with "Parivartan" vote

Bangalore wants development, BJP will win: Ananth Kumar

Brisk voting in Karnataka

Quick Links: Goa | Munnar | Pondicherry | Free Yearly Horoscope '2014


Your e-mail:

Your Full Name:

Type verification image:
verification image, type it in the box


Back to Top