Karnataka Approves 88 New Projects Worth Rs 4071.11 Crore, Creating 10,585 Jobs
The 148th State-Level Single Window Clearance Committee (SLSWCC) meeting, chaired by MB Patil, Minister for Large and Medium Industries and Infrastructure Development, approved 88 projects with a total investment of Rs 4,071.11 crore. These projects are expected to generate employment for approximately 10,585 people across Karnataka.
Key Approvals
Among the notable approvals are:
- Aratt One World Pvt. Ltd. with an investment of Rs 485 crore
- Dairy Classic Ice Creams Private Limited with an investment of Rs 285 crore
MB Patil emphasized that these projects would promote equitable investment across various regions of Karnataka, benefiting multiple districts.
Investment Breakdown
| Project Type | Number of Projects | Total Investment (Rs) | Employment Opportunities |
|---|---|---|---|
| Major Large and Medium Projects | 14 | 2031.76 crore | 3302 |
| New Projects (Rs 15 crore to Rs 50 crore) | 68 | 1355.07 crore | 5049 |
| Additional Capital Investment Schemes | 6 | 684.28 crore | 2234 |
The meeting was attended by key officials including Selvakumar S, IAS, Principal Secretary, Department of Commerce and Industries; Gunjan Krishna, IAS, Commissioner for Industrial Development and Director, Department of Commerce and Industries; Dodda Basavaraju, MD of Karnataka Udyoga Mitra; and Darshan H.V, IAS, Director of Electronics, IT/BT.
Doubts Revealed
Karnataka -: Karnataka is a state in the southern part of India. It has many big cities like Bengaluru, which is known as the ‘Silicon Valley of India’ because of its tech industry.
Rs 4071.11 Crore -: Rs 4071.11 Crore is a large amount of money. In Indian currency, ‘Rs’ stands for Rupees, and ‘Crore’ means ten million. So, Rs 4071.11 Crore is 40,711,100,000 Rupees.
10,585 Jobs -: 10,585 jobs means that 10,585 people will get new work opportunities. This is good because it helps people earn money and support their families.
State-Level Single Window Clearance Committee (SLSWCC) -: The State-Level Single Window Clearance Committee (SLSWCC) is a group that helps approve new projects quickly. They make it easier for businesses to start new projects by giving them the necessary permissions.
MB Patil -: MB Patil is a politician in Karnataka. He is an important leader who helps make decisions for the state.
Aratt One World Pvt. Ltd. -: Aratt One World Pvt. Ltd. is a company that invests in different projects. They help build things like buildings and infrastructure.
Dairy Classic Ice Creams Private Limited -: Dairy Classic Ice Creams Private Limited is a company that makes ice creams. They are investing in new projects to grow their business.
Equitable Investment -: Equitable investment means that money is being spent fairly across different areas. This helps all regions develop and grow, not just the big cities.
Selvakumar S -: Selvakumar S is an official who works for the government of Karnataka. He helps in making important decisions for the state.
Gunjan Krishna -: Gunjan Krishna is another official in Karnataka. She also helps in planning and approving new projects.
Dodda Basavaraju -: Dodda Basavaraju is a government official in Karnataka. He works with others to help the state grow and develop.
Darshan H.V. -: Darshan H.V. is an official who attended the meeting. He helps in making decisions about new projects in Karnataka.