The 147th Karnataka State-Level Single Window Clearance Committee approved 20 projects totaling an estimated 2,280.52 INR-Crore. These ventures will create employment for around 3,457 people across the state. Among the notable approvals, Toyotetsu India Auto Parts Pvt Ltd and ILV South Warehousing Parks Pvt Ltd plan to invest an estimated 450 INR-Crore and 423 INR-Crore, respectively.
Toyotetsu India Auto Parts is investing in its fourth plant in Bidadi to meet the growing demand for Innova Hycross. Meanwhile, Aoyama Seisakusho Co intends to invest around 210 INR-Crore in establishing an automotive fasteners production facility at Vasanthnarsapura.
Also Read: Top 10 Upcoming Mega Projects in India
The SLSWCC also approved six major large and medium projects in Karnataka. The capital investments exceed 50 INR-Crore each, amounting to 2,025.71 INR-Crore. These will generate employment for approximately 2,440 people.
Furthermore, the committee approved 13 new projects with capital investments ranging between 15-50 INR-Crore each, totaling 214.81 INR-Crore, which will create jobs for around 1,017 individuals. Additionally, another project with a capital investment of around 40 INR-Crore has also been approved. These projects will invigorate the economic landscape in Karnataka.
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