The Hindu : Karnataka / Bangalore News : Investment plans worth Rs. 7,080 crore cleared

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Thursday, Nov 20, 2008
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Karnataka

Karnataka - Bangalore

Investment plans worth Rs. 7,080 crore cleared

Special Correspondent

82,393 additional jobs are expected to be created

BANGALORE: The State High Level Clearance Committee (SHLCC) on Wednesday cleared 12 investment proposals to the tune of Rs. 7,080 crore, which have potential to create 82,393 new jobs. This included a proposal by the State-owned Karnataka Power Corporation Limited to set up two thermal generating units with a capacity of 600 MW each at Chicksagur (Yermarus) in Raichur district, located close to the Raichur Thermal Power Station.

The KPCL had requested the Government to allot an additional 234 acres of land to commence the work on the first unit.

The Government on Wednesday agreed to the request. The work on the project would commence soon after getting the various clearances and the first unit is expected to be ready for generation in about four years.

The high-level committee also cleared a proposal by the HAL to set up an aircraft and engine overhaul unit near the Bengaluru International Airport at a cost of Rs. 2,095 crore.

Briefing presspersons after the SHLCC meeting, Chief Minister B.S. Yeddyurappa noted that this unit would create 285 more jobs.

The other proposals which got clearance are a cement manufacturing expansion unit in Bagalkot to be set up at a cost of Rs. 520 crore by Nirani Cements (700 new jobs); an energy generation project by N.K. Utilities to be set up in Bagalkot at a cost of Rs. 1,740 crore (500 new jobs); and two separate automobile industries to be set up by Stanzen Toyotetsu and JBM Auto in Ramanagara at a cost of Rs. 173 crore and Rs. 81.95 crore respectively. Together, they will create 849 new jobs.

The high-level committee also cleared a proposal for setting up an IT and ITES Park in Bangalore Urban district by D.M. Estate at a cost of Rs. 336.28 crore, which would create 13,900 new jobs.

The other clearances related to setting up a Rs. 302-crore multi-utility commercial and tourism complex in Dakshina Kannada district by Jaiprakash Group (11,100 new jobs); establishment of a rubber park in Mysore at a cost of Rs. 137 crore by Rubber Marketing (4,500 new jobs); Rs. 90-crore co-generation project to be set up by Satish Sugars Limited in Belgaum (177 new jobs); a Rs. 129.50-crore plastic industry to be set up in Bangalore Urban district by Plastic Udyog Nagar (5,000 new jobs); and a Rs. 75.65-crore sugar factory to be set up in Belgaum by Basaveshwara Group (282 new jobs)

Mr. Yeddyurappa said the main feature of Wednesday’s clearance was that the investment proposals were spread out in different districts of the State unlike the earlier times when they used to be concentrated in Bangalore.

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