The Karnataka Government on Tuesday, November 28, approved 62 Industrial Investment proposals accounting for approximately 3607.19 INR Crores. These were cleared by the State Level Single Window Clearance Committee (SLSWCC) and are projected to generate 10,755 job opportunities in Karnataka.
Top investors like Texcon Steels, Bren Life Sciences, Alpine Ethanol, Hundri Sugars & Ethanol Private Ltd, Virupaksha Laboratories, and Qualcomm India got approvals for their proposals.
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The state government cleared eight projects totalling an amount of 2088.44 INR Crores, with each project costing more than 50 INR Crores. These are anticipated to generate 6,360 job opportunities. Out of these, Qualcomm India got approval for setting up its R & D unit in Whitefield, Bangalore worth an estimated investment of 175 INR-Crores.
51 investment projects out of the total 62 accounted for 941.40 INR Crores. The individual investment costs of these projects range between 15-51 INR Crores. Additional three projects worth an investment of 577.35 INR Crores were also approved.
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