Projects worth Rs 9.8k crore cleared; generation of over 5,000 jobs added incentive

NT Correspondent

Bengaluru

Karnataka Chief Minister Siddaramaiah on Monday approved nine industrial projects worth Rs 9,823.31 crore, adding that it would create employment opportunities for 5,605 people. He made the disclosure after the 64th meeting of the State High Level Clearance Committee (SHLCC).

As many as three of the approved projects are new. Moreover, six more are amended projects that have received the nod. The Chief Minister’s Office (CMO) disclosed that the approved projects include DN Solutions India Private Limited which has pledged an investment of Rs 998 crore at the Information Technology Investment Region (ITIR) in Devanahalli in Bengaluru Rural district, which is expected to generate 467 jobs. Others include Silectric Semiconductor Manufacturing Private Limited’s Rs 3,425.60 crore project at Kochanahalli village in Mysuru district that will create 460 jobs. The plant at Kochanahalli Electronics Manufacturing Cluster is supposed to be the first semiconductor project in the state.

The third one is Sansera Engineering Limited’s Rs 2,150 crore investment near Harohalli town in Ramanagar district, which is expected to generate 3,500 jobs. The remaining six amended projects will attract capital worth Rs 3,249.71 crore and create 1,178 jobs. Siddaramaiah also urged investors to set up their plants in the Karnataka Industrial Area Development Board (KIADB) in a timely manner, warning of levying penalties if the deadlines were not met.