Published On:April 15 2012
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Karanataka clears 43 projects worth Rs 35,785 crore
The State High-Level Clearance Committee (HLCC) chaired by Chief Minister D V Sadananda Gowda on Friday gave in-principle approval to 43 industrial projects, including three Special Economic Zones (SEZs) and an aerospace project, attracting investments of about Rs 35,785 crore.
IT majors - Wipro and Tata Consultancy Services (TCS) - have come forward to set up SEZs at Anekal and Siddapura in south Bangalore, while Jubilant Life Sciences has come up with a proposal to set up a pharmaceutical SEZ in Nanjungud near Mysore. TCS is planning to invest Rs 3,400 crore on its SEZ
HLCC cleared nine proposals in the automobiles sector, including one by Toyota Kirloskar Auto Parts Ltd to establish castings and machining of engine parts, adjacent to its existing plant in Bidadi industrial area in Ramanagar district at a cost of Rs 750 crore.
The meeting cleared three cement manufacturing projects, including five-million-tonnes per annum (MTPA) capacity plant at Sedam in Gulbarga by Reliance Cementation Ltd at a cost of Rs 2,500 crore and 3.5 MTPA plant of Shaasta Cement Corporation at Chincholi in Gulbarga.
In the manufacturing sector, JSW Steel Ltd has come forward with a Rs 4,190.40-crore proposal to set up a 'Cold Rolled Annealed and Skin Passed Coils' plant at Sandur in Bellary district.
Patel Engineering Ltd has proposed a Rs 2,025-crore integrated township project at Anekal. This apart, five IT parks with a total investment of Rs 10,184 crore were also cleared,