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Karnataka clears Rs 26,659 cr worth of investment proposals
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SME Times News Bureau | 22 Dec, 2020
Karnataka cleared five investment proposals worth Rs 26,659 crore, which would create 13,341 jobs, an official said on Monday.
The
proposals were cleared at a meeting of the state high level clearance
committee under the chairmanship of Chief Minister B.S. Yediyurappa.
The
proposals include Elest Ltd investing Rs 14,255 crore to make
electrical vehicles in 85 acres at Hubli-Dharwad. The project will
create 867 direct jobs.
The company will also invest Rs 6,339
crore in making lithium ion cells and batteries in 88 acres at
Hubli-Dharwad. This will create 1,804 jobs.
Hyunet Ltd will
invest Rs 1,825 crore to make electric vehicles and lithium batteries in
300 acres of land at Bagepalli in Chikkaballapur district. It will
create 2,210 jobs.
Miraculum Green Power Ltd will invest Rs 1,290
crore to set up 110mw hybrid wind solar power project in 700 acres of
land at Jagalur in Davangere district. It will create 2,820 jobs.
Sanali
Power Ltd will invest Rs 2,950 crore to set up a hybrid wind solar
power project at Jagalur in 1,710 acres of land. It will create 5,640
jobs.
Industries Minister Jagadish Shettar, Deputy Chief Minister
C.N. Ashwath Narayan, Industries Secretary Gaurav Gupta and officials
of the state Udyog Mitra were also present in the meeting.
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