Karnataka: Cement, electronics among Rs 17,183 cr investment cleared

Two high-level investment clearance committees led by Chief Minister Siddaramaiah and Industries Minister MB Patil on Wednesday cleared investment proposals worth Rs 17,183 crore, with a potential for about 12,500 jobs.

The chief Minister’s committee cleared two proposals from Dalmia Cement worth Rs 6020 crore, one each from Shree Cement (Rs 2406 crore) and Emmvee Energy (Rs 5495 crore). The committee cleared the additional investment proposals from Colortone Textiles (Rs 190 crore) and Bosch Automotive Electronics (Rs 1330 crore).

The committee also extended the time for completion of 10 projects that are in various stages of implementation.

Patil said his committee has cleared 60 projects including prefabricated modular, bus body building, aerospace and defence related electronics systems and spare parts manufacturing in Dakshina Kannada, Tumkur, Kolar, Vijayapura, Chitradurga, Chikkamagaluru, Belagavi, Raichur, Yadagiri, Kalaburagi and Bangalore Rural districts.

The minister added Karnataka was fully focused to support high impact projects.

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