The State High-Level Clearance Committee (SHLCC), headed by Chief Minister Siddaramaiah, on Saturday cleared investment proposals worth Rs. 20,000 crore of Mangalore Refinery and Petrochemicals Ltd. (MRPL).
The MRPL will invest at its existing plant in Mangaluru and create 710 jobs. The committee cleared a Rs. 235-crore investment proposal of Anthem Biosciences Pvt. Ltd. and it would invest in Ramanagaram. The investment is expected to generate jobs to 590 people.
With this, the SHLC has cleared 87 projects involving investment of Rs. 92,851.18 crore during 2015-16. The State-level single window clearance committee has given go-ahead to 352 projects, involving investment of Rs. 7,542.36 crore in 2015-16, according to an official press release. The SHLCC also cleared three major IT projects planned by Infosys.
The IT major will invest $290 million (Rs. 1,918 crore) on its campuses at Electronics City and at Konappana Agrahara of Bengaluru South taluk. The company has claimed that the investment would generate 27,000 new jobs. It would invest Rs. 625 crore on its 10.04-acre campus at Konappana Agrahara-Dodda Tongur area and is expected to provide 8,500 jobs. In the same area (Konappana Agrahara), the company plans a Software Technology Park at a cost of Rs. 1,079 crore.
In this project, the direct employment will be at 15,000. Another project is at Electronics City, where Infosys will invest Rs. 216 crore.
