Projects worth Rs 3,028 cr cleared in Karnataka

The state-level single window clearance committee in Karnataka today cleared 42 projects worth Rs 3,028 crores, with employment potential for about 7,114 persons.
Out of these projects cleared by the committee headed by
Industries Minister R V Deshpande, eight worth Rs 449crore were expansion projects and likely to createemployment to 939 people, the government announced.
Rest 34 projects which are new is worth Rs 2581 croreand
will be creating employment to 6,175 people.
"Of the projects cleared today, for five ofthem MoU was

signed during Invest Karnataka meet. Investmentof these projects will be Rs 882 crore and will provideemployment to 2,913 people," Deshpande told reportershere.

The committee also approved the Central Instituteof Plastics Engineering and Technology's (CIPET) proposal toset up an Advanced Polymer Design and Development Research Laboratory (APDDRL), which was announced by Union Chemical and FertilizerMinister Ananth Kumar during 'Invest Karnataka Meet'.
"Five acres of KIADB land has been allotted in hi-tech,
Defence and Hardware Park at Devenahalli for APDDRL with an investment of 87 crore," he added.
CIPET will establish the centre with assistance fromthe
central government.
The state government was now in the processof identifying
a government building to temporarily start the activities on the request of the Union ministry.
On the proposed fertilizer plant and pharma park bythe

central government, Deshpande said "we are waiting for response from the Union Chemical and Fertilizer ministry, I have already written to them on this. We are ready to give the land."
"Pharma park is likely to come up near Mysuru, we havein
principle decided on it, government of India approval isalso required," he added.
On the proposed non-profit company 'Invest Karnataka' to
promote industries in the state, and for development of project proposals and market intelligence, Deshpande said thiswould be soon taken before the cabinet for approval.
The projects cleared by the single window clearance committee today include, Ruchi Soya Industries Limited in Dakshina Kannada with an investment of Rs 455 crore and employment of 1700 people; Indian oil corporation in Bengaluruurban Rs 150 crores, employing 180 people and expansion of TVS project in Mysuru with an investment of Rs 310 crore,employing 200 people.

Majority of the projects cleared are from sectors like
IT, food and agri-business, tourism, manufacturing.