The State High-Level Clearance Committee of Karnataka has approved investment proposals worth Rs 9,823.3 crore, which are expected to generate around 5,605 jobs, the chief minister’s office said in a statement on Monday.
Of the approved total, Rs 6,573.6 crore is for three new projects expected to create 4,427 jobs, while Rs 3,249.7 crore is for six other proposals expected to generate around 1,178 jobs.
The main proposal comes from Sielectric Semiconductor Manufacturing Private Limited, which has promised to invest 3,425 million and create 460 jobs. The Rs 2,150-crore proposal of Sansera Engineering Limited was also cleared, the company is expected to generate 3,500 jobs. Another new investment proposal is from DN Solutions India Private Limited worth Rs 998 crore.
Additional investment proposals are from Musashi Auto Parts India Private Limited (Rs 122.66 crore), JSW Cement Limited (Rs 486.82 crore), NIDE Industrial Automation India Private Limited (Rs 200 crore), Epsilon Carbon Pvt Ltd (Rs 740 crore), KB I -Steels Private Limited (Rs 852.49 crore) and Sify Data Managed Services Ltd (Rs 847.74 crore).
During the committee meeting, Chief Minister Siddaramaiah issued directions to penalize industries that delay setting up units after acquiring land from the Karnataka Industrial Area Development Board.
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