Karnataka’s State High-Level Clearance Committee has approved investment proposals worth Rs 9,823.3 crore, expected to generate around 5,605 jobs, the chief ministers’ office said in a statement on Monday.
Of the total amount approved, Rs 6,573.6 crore is for three new projects expected to create 4,427 jobs, while Rs 3,249.7 crore is for six additional proposals expected to generate around 1,178 jobs.
A key proposal is from Silectric Semiconductor Manufacturing Private Limited, which has promised to invest Rs 3,425 crore and create 460 jobs. A Rs 2,150-crore proposal by Sansera Engineering Limited was also cleared, with the company expected to generate 3,500 jobs. The other fresh investment proposal is from DN Solutions India Private Limited worth Rs 998 crore.
The additional investment proposals are from Musashi Auto Parts India Private Limited (Rs 122.66 crore), JSW Cement Limited (Rs 486.82 crore), NIDE Industrial Automation India Private Limited (Rs 200 crore), Epsilon Carbon Pvt Ltd (Rs 740 crore), K B Steels Private Limited (Rs 852.49 crore) and Sify Data Managed Services Ltd (Rs 847.74 crore).
During a meeting of the commitee, Chief Minister Siddaramaiah issued directions to penalise industries that delay setting up units after acquiring land from the Karnataka Industrial Area Development Board.
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