Investment proposals worth ₹3,427 cr. cleared.

The State high-level clearance committee, headed by Chief Minister Siddaramaiah, on Monday cleared four new projects with a total investment of ₹3,427 crore.

The four projects together are expected to generate jobs for about 2,595 persons.

The approved project proposals include one of Boeing India Pvt. Ltd. for engineering and technology facility with electronics, avionics manufacturing and assembly in 36 acres at Aerospace Park in Bengaluru. The expected investment is ₹1,152 crore with an employment opportunity to 2,300 persons, officials at the Chief Minister’s office said.

It also approved one of CDC Development India Pvt. Ltd. for a Technology Innovation International Park on 100 acres of land in Hi-tech Defence and Aerospace Park here at ₹740 crore investment and employment opportunity to 25 persons.

The Indian Coast Guard’s proposal for Indian Coast Guard Training Centre at 160 acres of land at Baikampady in Dakshina Kannada district with an expected investment is ₹1,010 crore and employment opportunity to 250 persons was also cleared.

Also, Universal Builders plan for an affordable housing project at ₹525 crore investment and providing employment opportunities to 20 persons was approved by the committee on 21.25 acres of land in Hardware Park area here, the officials said.

THE HINDU