Govt approves 20 projects worth Rs 2,280.52 cr
These projects are projected to generate employment for approximately 3,457 people across the State
PTI
BENGALURU, 17 AUG
The 147th
State-Level Single Window Clearance Committee chaired by Minister for Large,
Medium Industries, and Infrastructure Development MB Patil approved 20 projects
totalling Rs 2280.52 crore on Saturday, officials said.
These projects are
projected to generate employment for approximately 3,457 people across the
State, they said.
According to a
statement shared by the Minister's office, among the approved notable projects
are Toyotetsu India Auto Parts Pvt Ltd and ILV South Warehousing Parks Private
Limited, which plan to invest Rs 450 crore and Rs 423 crore respectively.
Toyotetsu India Auto Parts Pvt Ltd is investing in new 4th plant in Bidadi to
cope with Innova Hycross demand to support TKML. Aoyama Seisakusho Co. has
plans to invest Rs 210 crore in establishing an automotive fasteners production
facility at Vasanthnarsapura.
During the
meeting, Patil approved six major large and medium projects with a total
capital investment more than Rs 50 crore, amounting to Rs 2,025.71 crore, which
is expected to create employment opportunities for around 2,440 people, it
stated.
Additionally, 13
new projects with capital investments ranging between Rs 15 crore and Rs 50
crore, totaling Rs 214.81 crore, have been approved, generating employment for
approximately 1,017 individuals. Furthermore, one additional capital investment
project worth Rs 40 crore has also been approved.
"In total,
the 20 projects approved will bring in investments of Rs 2,280.52 crore and
generate employment for 3,457 people," the statement added. PTI
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