Among the notable approvals are proposals from International Battery Company India Private Limited and River Mobility Private Limited, which plan to invest ₹390 crore and ₹306.9 crore respectively. The minister, who chaired the meeting at the Karnataka Udyog Mitra (KUM) office, accorded approval for 60 projects in a single meeting.
MB Patil emphasized that the approved projects would promote equitable investment across various regions of the state, particularly benefiting the districts of North Karnataka. The minister noted that the committee approved 13 major large and medium projects with capital investments exceeding ₹50 crore, amounting to ₹2046.39 crore and expected to create employment for around 7,199 people. Additionally, 47 new projects with investments ranging from ₹15 crore to ₹50 crore were approved, totaling ₹1058.55 crore and anticipated to generate approximately 6,547 jobs. Four additional capital investment schemes, amounting to ₹482.73 crore, were also approved, which will create employment opportunities for about 150 people.
In total, the 64 projects approved will bring in investments of ₹3587.67 crore and generate employment for 13,896 people.
The meeting was attended by several key officials, including Dr. Shalini Rajneesh, IAS, Additional Chief Secretary & Development Commissioner, Government of Karnataka; Selvakumar S, IAS, Principal Secretary, Department of Commerce and Industries; Gunjan Krishna, IAS, Commissioner for Industrial Development and Director, Department of Commerce and Industries; Dodda Basavaraju, MD of Karnataka Udyoga Mitra; Darshan H.V, IAS, Director of Electronics, IT/BT, and other senior officers from various departments.
0 Comments