They will generate employment for 3.07 lakh people
Single window panel clears investment worth
Rs. 1,670 crore
Bangalore:The State High-Level Clearance Committee (SHLCC), chaired by Chief Minister B.S. Yeddyurappa, on Monday approved investments amounting to Rs. 58,518 crore in 60 projects. The investments are expected to generate employment for about 3.07 lakh people.
The State Level Single Window Clearance Committee, which clears investments proposals of less than Rs. 50 crore in each project, also cleared 74 projects involving an investment of Rs. 1,670 crore.
Minister for Large and Medium Industries Murugesh Nirani said Nestle India proposed to establish a unit for manufacturing instant noodles in Nanjangud industrial area in Mysore. Infosys is to utilise its own land on Sarjapur Road for a new software development centre with an investment of Rs. 2,250 crore. The company also plans to establish another centre near Devanahalli, with an investment of Rs. 710 crore.
Infosys plans to employ about 30,000 persons at the two centres, Mr. Nirani said. Wipro is also planning fresh investments, the Minister added.
Asked whether the new units would have sufficient power, Mr. Nirani said many of the proposed “mega units” are likely to have their own captive power, which would not only supply power for the units but would also have “excess capacity to feed the State grid.”
He pointed out that nearly Rs. 25,000 crore of investment — in 6,033 MW of capacity — have been approved in the last few months.
Among the “interesting projects” cleared are two power generating units of 12 MW each, which will use poultry droppings as feedstock, Mr. Nirani said.