Karnataka government approves 9 industrial projects worth Rs 9,823 crore, thousands of people will get employment
The Karnataka government has approved nine industrial projects with a total investment of Rs 9,823.31 crore. This will create around 5,605 employment opportunities. The projects were approved at the 64th meeting of the State High Level Clearance Committee (SHLCC) chaired by Karnataka Chief Minister Siddaramaiah. Of these, three are new investment proposals, while the other six involve expansion or modification of existing schemes. According to an official statement, the new projects approved include DN Solutions India Pvt Ltd with an investment of Rs 998 crore at ITIR, Devanahalli. This is expected to create 467 jobs.
These projects got approval
Selectric Semiconductor Manufacturing Private Limited has a project of Rs 3,425.60 crore in Kochanhalli (Mysuru). It is expected to create 460 jobs. Apart from this, Sansera Engineering Limited has a project of Rs 2,150 crore in Harohalli which is expected to create 3,500 jobs. Six expansion or modified projects with a total investment of Rs 3249.71 crore will create 1,178 jobs. It said, “During the meeting, Chief Minister Siddaramaiah announced that the first semiconductor project in the state will be set up at Kochanhalli Electronics Manufacturing Complex near Mysuru.”
Bihar’s focus now on bringing FDI investment
On the other hand, the state’s Industry Minister Nitish Mishra, excited by the success of the recently held Global Investors Summit in Bihar, said that now the state’s focus is on attracting foreign direct investment (FDI). Investment proposals worth Rs 1.80 lakh crore have been received at the investor summit. Mishra said, “The Union Ministry of Commerce and Industry has the Foreign Investment Facilitation Portal (FIFP), which is an online single point interface of the Government of India to facilitate FDI to investors. We (Bihar government) are integrating our system with this national portal. Our government is also focused on attracting FDI to Bihar.”
