Karnataka: SLSWCC gives nod to investment proposals worth Rs 7,659 crore

Vijayapura: In a significant boost to the industrial landscape of Karnataka, the State Level Single Window Clearance Committee (SLSWCC) led by Minister of Infrastructure, Large and Medium Industries, MB Patil, has given the nod to 91 investment proposals valued at Rs 7,659.52 crore.

These ventures are poised to generate about 18,146 jobs within the state.

The SLSWCC's nod of approval includes 26 projects with investments exceeding Rs 50 crore, totaling Rs 5,750.73 crore, and projected to create 13,742 employment opportunities.

Notable investors include Maruti Suzuki India, Aequs Consumer, South West Mining, Tata Semiconductor, and Krypton (India) Solutions Private Ltd.

Of the 91 approved proposals, approximately 57 investment projects fall within the Rs 15 crore to Rs 50 crore investment range, amounting to Rs 1,144.94 crore in total. These ventures have the potential to provide gainful employment to 4,404 individuals within Karnataka. Moreover, an additional eight projects, backed by an investment of Rs 763.85 crore, were also given the committee's go-ahead.

Principal Secretary of Commerce and Industries Dr. S Selvakumar, Commissioner for Industrial Development Gunjan Krishna, Department of Labour Secretary Mohammad Mohsin, KIADB CEO Dr. M Mahesh, Department of IT/BT Director Darshan H V, and Karnataka Udyog Mitra Managing Director Doddabasavaraju were present at the meeting.