Karnataka Government approves 91 investment projects worth INR 7660 crore

Bengaluru, September 20, 2023: The State Level Single Window Clearance Committee (SLSWCC) on Friday cleared 91 industrial investment proposals worth Rs 7,659.52 crore with an employment generation potential of 18,146 within the state.

The SLSWCC committee headed by Shri. M.B. Patil, Honorable Minister for Large and Medium Industries, and Infrastructure Development approved 26 projects involving more than Rs 50 crore investment, totaling Rs 5,750.73 crore. These hold potential to create 13,742 jobs.

Some of the top investors include Maruti Suzuki India, Aequs Consumer, South West Mining and Tata Semiconductor, and Krypton (India) Solutions Private Ltd among others.

Of the total 91 proposals, about 57 investment projects are between Rs 15 crore to Rs 50 crore totaling Rs 1,144.94 crore, promising employment generation potential of 4404 within Karnataka.

Eight projects with an additional investment of Rs 763.85 crore were also approved by the committee.

Principal Secretary of Commerce and Industries Dr. S Selvakumar, Gunjan Krishna, Commissioner for Industrial Development, Mohammad Mohsin, Secretary, Department of Labour, Dr. M Mahesh, CEO, KIADB, Darshan H V, Director, Department of IT/BT, Doddabasavaraju, Managing Director of Karnataka Udyog Mitra were present at the meeting.