K’taka nods 62 investment projects worth Rs 3,607 cr

Bengaluru: The State Level Single Window Clearance Committee (SLSWCC) cleared 62 industrial investment proposals worth Rs 3,607.19 crore with an employment generation potential of 10,755 within the state, the official release stated on Wednesday.

The SLSWCC committee, headed by M B Patil, Minister for Large and Medium Industries, and Infrastructure Development approved eight projects involving more than Rs 50 crore investment, totaling Rs 2,088.44 crore. These hold the potential to create 6,360 jobs.

Some of the top investors include Texcon Steels, Hundri Sugars and Ethanol Private Ltd, Bren Life Sciences, Alpine Ethanol, Virupaksha Laboratories and Qualcomm India among others.

Of the total 62 proposals, about 51 investment projects are between Rs 15 crore to Rs 50 crore totaling Rs 941.40 crore, promising employment generation potential of 4,395 within Karnataka.

Three projects with an additional investment of Rs 577.35 crore were also approved by the committee.