Karnataka government clears huge Volvo project

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Government clears Volvo project
Bangalore,  Nov 20: The State High Level Clearance Committee meeting cleared the Rs 6,930-crore expansion plan of JSW Steel in Sandur, Bellary district to produce 10 million tonnes of steel bars and rods per annum.

The committee, headed by Karnataka Chief Minister Siddaramaiah, cleared 10 projects worth Rs 10,044 crore with a potential to generate 14,105 jobs.

It also cleared the setting up of a truck and bus manufacturing plant by Volvo India at a cost of Rs 974 crore with an employment potential of generating 2,215 jobs at Malur in Kolar, according to a statement from the chief minister's secretariat.

Another major project cleared was a proposal by Toyota Mitsubishi to set up a rotation motor and power equipment plant at Vasanthpur in Tumkur at a cost of Rs 548 crore.

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