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K'TAKA SECURES RS 3,000 CRORE IN INVESTMENTS WITH 62 PROJECTS

The Business Guardian

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November 30, 2023

Minister M B Patil-led meeting approves eight projects with investments over Rs 50 crore, expected to create 6,360 jobs in Karnataka

K'TAKA SECURES RS 3,000 CRORE IN INVESTMENTS WITH 62 PROJECTS

In a significant move aimed at bolstering the state’s industrial landscape, the Karnataka government has given the nod to 62 industrial investment proposals, amounting to a staggering Rs 3,607.19 crore. This decision, sanctioned by the State Level Single Window Clearance Committee under the guidance of Large and Medium Industries and Infrastructure Development Minister M B Patil, is anticipated to pave the way for employment opportunities for over 10,755 individuals within Karnataka.

During a recent meeting chaired by Minister M B Patil, these proposals received the official clearance. Notably, eight of these ventures are poised to inject investments surpassing Rs 50 crore, with a collective sum of Rs 2,088.44 crore. These larger-scale investments are projected to create a workforce of 6,360 employees, highlighting their substantial impact on job creation within the state.

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