Expected to generate jobs for 30,000 people
The projects are in the iron and steel, power, IT park, paints and varnish and tyre sectors
Four iron and steel units to come up in
BANGALORE: The State High-Level Clearance Committee on Monday cleared 11 industrial projects — in iron and steel, power, IT park, paints and varnish, tyre and other sectors— with an investment of nearly Rs. 40,000 crore, which is expected to create employment for nearly 30,000 people.
Giving details of the meeting chaired by Chief Minister B.S. Yeddyurappa, the Large and Medium Industries Minister Murugesh Nirani told presspersons that the projects cleared included six projects in the iron and steel sector with an investment of Rs. 28,594.39 crore. Four of them would come up in Bellary district and one each in Koppal and Tumkur districts.
The details of investment are as follows: JSW Steel Ltd. of Bangalore is investing Rs. 15,131.70 crore to expand its 10 to 16 million tonnes per annum integrated steel plant; and JSW Severfield Structures Limited of Mumbai is putting in Rs. 234 crore for manufacturing fabricated structural products of iron and steel in Bellary district.
NMDC Ltd. of Hyderabad will invest Rs. 9,280 crore on an integrated steel plant with a capacity of five million tonnes in Bellary district; Ravindra Trading and Agencies Ltd. of Mumbai will pump in Rs. 3,292.80 crore for setting up 2 million tonnes iron ore pelletisation plant; and a 6 million tonnes integrated steel plant in Bellary district; PBS Steel and Power Industries Pvt. Ltd. Will invest Rs. 200.89 crore sponge iron plant, induction furnace, billet castler, bar and rod mill and captive power plant in Koppal district; and ARTECH Steel Industries Pvt. Ltd. of Tumkur district will put in Rs. 455 crore for setting up a 1.2 million TPA beneficiation and iron ore pellets plant.
ICI India Ltd. of Haryana will invest Rs. 253 crore on a paints and varnish unit in Mysore district; JK Tyre and Industries Ltd. of Mysore on a tyre manufacturing costing Rs. 130 crore; Anamitra Warehousing Pvt. Ltd. of Bangalore for Rs. 366.04 crore for starting a warehousing and inland container depot in Bangalore Rural district; and ETL Infrastructure Services Ltd. of Chennai with Rs. 993 crore for establishing an IT park with disaster recovery facility centre in Bangalore Rural district.
In the power sector, JSW Steel Ltd. of Bangalore has sought to start a 600 MW captive power plant in Bellary district and the Karnataka Power Corporation Ltd. for Rs. 1,000 crore for installing a 2,100 MW gas-based power station at Tadadi in Uttara Kannada district.