SHLCC clears investment proposals worth ₹29,679 crore
The State High-Level Clearance Committee in Karnataka has approved 17 new and additional investment projects totaling ₹29,679 crore. These industrial initiatives are projected to generate over 66,000 jobs across various sectors including renewable energy, manufacturing, and consumer goods.
Why it matters
This significant capital infusion signals strong industrial growth and job creation potential for the state's economy.
The State High-Level Clearance Committee (SHLCC), chaired by Chief Minister D.K. Shivakumar, on Wednesday approved nine new projects and eight proposals for additional investments, involving a total investment of ₹29,679 crore in the State’s industrial sector. These investment proposals are expected to create an additional 66,360 jobs.
The new proposals include investment of ₹2,194.94 crore by Vibrancy Renewable Energies with a potential to create 30,000 jobs, ₹2,300 crore by Mahindra Aerostructures, creating 3,000 jobs; ₹1,104 crore by Aequs Consumer Products creating 4,813 jobs; and ₹9,760 by Hero Future Energies creating 3,200 jobs.
Similarly, Epsilon will invest ₹1,500 crore, Toyota Kirloskar ₹1,200 crore, Nirani Sugars ₹4,062 crore, TruAlt Bioenergy ₹2,988 crore, and Lighthouse Alternative Assets ₹600 crore, according to an official release.
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