Government meeting on business approvals clears 37 new ventures with investment outlay of over ₹4,800 crore

Bengaluru: The 158th State Level Single Window Approval Committee meeting has approved a total investment of ₹4,824.31 crore for 37 new industries and two additional investment projects across 13 districts, including Vijayapura, Bagalkot, Chitradurga, Kolar, and Ramanagara, a release has said.

Industries Minister MB Patil is quoted to have said: “The approved projects in sectors such as IT infrastructure, sugar manufacturing, technical textiles, compressed biogas, aerospace, jewellery production, electronics, software, and five-star hotel construction will generate 14,525 new employment opportunities in the state.”

Some of the approved projects include:

1. Bagmane Constructions Private Limited: IT infrastructure development worth ₹494.65 crore
2. Karnataka Bangaru Sugars Pvt Ltd: Sugar factory investment of ₹443.50 crore
3. Kleine Pax Ltd: Technical textile unit worth ₹376 crore
4. Trishul Buildtech and Infrastructure Pvt Ltd: Five-star hotel project worth ₹300 crore
5. Troult Grass Pvt Ltd: Compressed gas (CBG) unit worth ₹257.77 crore at Mudhol
6. Tsuyo Manufacturing Pvt Ltd: Electric vehicle motor and controller manufacturing unit worth ₹250 crore

The breakdown of approvals is as follows:

• 22 major large and medium industrial projects (investment above ₹50 crore) totalling ₹3,908.68 crore, generating employment for 12,475 people.
• 15 new projects with investments ranging from ₹15 crore to ₹50 crore, totalling ₹350.60 crore, providing jobs for over 1,700 people.
• Two additional investment projects amounting to ₹565.03 crore, creating employment for 300 people.