Saturday, September 8, 2012

Karnataka clears 23 projects worth Rs 16,077 cr

Kirloskar Toyoda Textile Machinery (KTTM) has received clearance from the Karnataka Government to set up a Rs 3,847 crore factory in Kittur in Belgaum district.

The company will set up an engine and a textile machinery unit which will generate over 1,200 jobs there. KTTM was among the 23 projects cleared by the state high-level clearance committee (SHLCC) on Friday. The total investment involved is over Rs 16,000 crore and it will create nearly 4 lakh jobs.

Clearance was also given to Reliance Cement Company for setting up a Rs 690 crore cement grinding unit in Gowribidanur taluk.

Wadhwan Mega Infrastructure’s proposal to set up agro industrial clusters and agri Infrastructure project in many districts of the state with a total investment of Rs 10,000 crore was also cleared.

The other projects which were cleared were:

Zonasha Estates & Projects’ proposal to establish software development centre at Devanahalli near Bangalore involving an investment of Rs 242.56 crore. It will generate over 17,000 jobs.

Enrich Private Limited’s proposal to establish EPC solar PV project in Aliyabad, Bijapur District, with an investment of Rs 980 crore.

Gopalan Institute of Medical Sciences and Research to set up a medical college and a hospital in Attibele near Bangalore involving an investment of Rs 248.10 crore.

Showa India’s project to set up a unit to make shock absorbers for vehicles with an investment of Rs 342 crore. It will lead to jobs for nearly 1,000 people.

TB Kawashima Automotive Textile’s proposal to set up a unit to manufacture high quality woven and tricot / circular knitted textile fabrics for car seat including weaving, knitting, dyeing, coating and finishing process. The company will invest Rs 100 crore in the project which will be set up in Kadakola Industrial Area, Mysore District.

JSS Mahavidya Peetha’s proposal to set up three education institutions in Kadakola Industrial Area, Mysore District with a total investment of Rs 647 crore. It will create jobs for 14,500 people.

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