The Karnataka government has approved six new projects worth investment of ₹9,048.39 crore in sectors including tourism, information technology and industrial infrastructure. According to the government, these projects will create 35,487 jobs in the State.
The projects were cleared at the 46th meeting of the high-level clearance committee. This comes at a time when the government was facing criticism for the delay in clearing and approving high-ticket investment projects in the State.
Among the projects approved, the IT sector garnered the major share of investment. Four major IT projects, including those by software major Oracle and L&T, were approved. The sector received investment proposal worth ₹6,569.39 crore, while tourism and industrial infrastructure received investment proposal worth ₹1,330 and ₹1,149, respectively.
The projects will be set up in Bengaluru urban, Bengaluru rural, and Belagavi, the government said in a statement.
Oracle will invest ₹2,348 crore in an IT/ITeS special economic zone (SEZ), and L&T Construction Equipment Co. Ltd would invest ₹2,080 crore to set up two IT/ITeS SEZ projects, it said.
Other investments include a tourism project by Cornerstone Property Developers to set up an entertainment theme park for ₹1,330 crore.
