December 14, 2023: The State High-Level Clearance Committee (SHLCC), headed by Karnataka’s chief minister Siddaramaiah, on December 12, 2023, sanctioned 14 projects amounting to Rs 34,115 crore, showcasing the potential to generate 13,308 job opportunities across the state. Out of the approved projects, 10 are new ventures with an investment of Rs 19,452.4 crore, while the remaining four are additional investment projects amounting to Rs 14,662.59 crore.
Foxconn, the Taiwanese electronics manufacturing giant, received approval for an additional investment of Rs 13,911 crore, adding to its initial sanctioned investment of Rs 8,000 crore. Foxconn, known for being the iPhone maker, plans to establish a manufacturing facility on 300 acre of acquired land near the outskirts of Bangalore.
Other significant ventures that gained government approval include JSW Steel (Rs 3,804 crore), JSW Renew Energy Four (Rs 4,960 crore), Toyota Kirloskar Motor (Rs 3,237.30 crore), Janki Corp (additional investment of Rs 607 crore) and TRIL Bengaluru Real Estate Six (Rs 3,273 crore).
Several projects earmarked for North Karnataka, including JSW Renew Energy Four, Janki Corp, JSW Steel and Orient Cement, received the green signal. These initiatives, collectively investing Rs 9,461 crore, are expected to generate 3,538 job opportunities, fostering industrial growth in North Karnataka.
| Got any questions or point of view on our article? We would love to hear from you. Write to our Editor-in-Chief Jhumur Ghosh at [email protected] |
Dhwani is a content management expert with over five years of professional experience. She has authored articles spanning diverse domains, including real estate, finance, business, health, taxation, education and more. Holding a Bachelor’s degree in Journalism and Mass Communication, Dhwani’s interests encompass reading and travelling. She is dedicated to staying updated on the latest real estate advancements in India.
Email: [email protected]
Related Posts
Karnataka releases guidelines to get benefits under free electricity scheme.
SC gives Bombay HC 2 months, to decide on pleas against RERA.
Housing minister announces India’s first-ever ‘Livability Index’, covering 116 cities.
Completion of key irrigation projects to take precedence over restoration of Brindavan Gardens in Karnataka.
Indore cleanest city, Kolkata worst performer in centre’s cleanliness survey.
Karnataka starts issue of digitised property cards for Bangalore property owners.
