Karnataka govt gives nod to 28 new industrial projects

Posted By: Pti
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Bangalore, Jul 14: Notwithstanding opposition from farmers in parts of the state over land acquisition, the Karnataka government today (Jul 14) approved 28 mega industrial projects with an investment of Rs 8,622.41 crore.

The State High Level Committee for Industrial Projects clearance chaired by Chief Minister B S Yeddyurappa accorded in principle approval for the projects, which included the Honda Motor Cycle and Scooters India Ltd, to be set up at a cost of Rs 1,350 crore in Narsapur Industrial area in Kolar district.

Giving details of the projects that got the committee's approval, Minister for Industries Murugesh Nirani told reporters after the meeting that these projects had the potential to generate 22,799 jobs.

The projects which got approval are:automobile (2), Ceramics (1), Chemicals (2), Education (1), Engineering (2), Food processing (2), Infrastructure (2), Steel (3), IT Park (1), Petrochemicals (1), Sugar (8),Textile (1) and others two.

Mangalore Chemicals and Fertilisers will manufacture urea, basic organic chemicals and other specialty fertilisers in Panabur village of Mangalore district with an investment of Rs 483 Crore, he said.

Sugar factories with a total investment of Rs 1,900 crore will be established in the districts of Bijapur, Mysore, Bagalkot, Belgaum, Nirani said.

The meeting also approved change of ownership of the proposed Rs 36,000 crore steel plant in Bellary, which was transferred by Brahmini Steels promoted by Tourism Minister G Janardhana Reddy, to Delhi-based company Uttam Galwa. Reddy has sold his company's rights in favour of Galwa.


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