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Indian Express
28-05-2025
- Business
- Indian Express
Karnataka clears Rs 15,441-crore investment proposals expected to create over 5,000 jobs
The Karnataka government on Wednesday cleared investment proposals worth Rs 15,441 crore, which it expects to generate 5,277 jobs when realised. These include four new and expansion investment proposals and two amendment investment proposals. A meeting of the State High-Level Clearance Committee, which clears proposals exceeding Rs 500 crore, was chaired by Chief Minister Siddaramaiah during the day. According to a release issued by Industries Minister M B Patil, the four new proposals will invest Rs 13,921 crore, generating 3,948 jobs, and the two amendment proposals are worth Rs 1,520 crore, generating 1,329 jobs. The new proposals include investment of Rs 2,406 crore by Shree Cement Limited (300 jobs), proposals by Dalmia Cement (Bharat) Limited worth Rs 3,000 crore and Rs 3,020 crore (570 jobs each), and a Rs 5,495 crore proposal by Emmvee Energy Private Limited (2,508 jobs). The additional proposal includes a Rs 190.17-crore investment by Colortone Textiles Private Limited (371 jobs) and a Rs 1,330-crore investment by Bosch Automotive Electronics India Pvt Ltd (958 jobs). In another meeting, the State-Level Single Window Clearance Committee under Patil approved 63 projects worth Rs 1,741.6 crore. These include seven large and medium industries with an investment of Rs 593.8 crore, which would generate employment opportunities for about 2,093 people. Fifty-three new projects, each with an investment range of Rs 15-50 crore, were also cleared. These projects will invest Rs 1106.6 crore, generating 4,961 jobs. Three additional proposals worth Rs 41.2 crore were also approved.
Time of India
28-05-2025
- Business
- Time of India
Karnataka: Cement, electronics among Rs 17,183 cr investment cleared
Two high-level investment clearance committees led by Chief Minister Siddaramaiah and Industries Minister MB Patil on Wednesday cleared investment proposals worth Rs 17,183 crore, with a potential for about 12,500 jobs. The chief Minister's committee cleared two proposals from Dalmia Cement worth Rs 6020 crore, one each from Shree Cement (Rs 2406 crore) and Emmvee Energy (Rs 5495 crore). The committee cleared the additional investment proposals from Colortone Textiles (Rs 190 crore) and Bosch Automotive Electronics (Rs 1330 crore). The committee also extended the time for completion of 10 projects that are in various stages of implementation. Patil said his committee has cleared 60 projects including prefabricated modular, bus body building, aerospace and defence related electronics systems and spare parts manufacturing in Dakshina Kannada, Tumkur, Kolar, Vijayapura, Chitradurga, Chikkamagaluru, Belagavi, Raichur, Yadagiri, Kalaburagi and Bangalore Rural districts. The minister added Karnataka was fully focused to support high impact projects. Live Events
