It is reported that a total of 11 projects worth about INR 40,000 crore were cleared at a high level clearance committee meeting on Monday.
Mr Murugesh Nirani Karnataka’s Large and Medium Industries Minister said the the meeting was held under the chairmanship of the Mr BS Yeddyurappa CM of Karnataka.
He said that these projects, with an investment of INR 40,336.43 crore would provide employment to about 30,352 people. Of the 11 projects cleared six are in the iron and steel sector at an investment of INR 28.594.39 crore providing employment to 10,862 people.
The biggest of them all is a INR 15,131.7 crore project by JSW Steel for expansion of its integrated steel plant from 10 million tonnes per annum to 16 million tonnes per annum and a 600 MW captive power plant in Bellary district.
(Sourced from Business Line)
Monday, August 31, 2009
Karnataka clears 11 projects worth INR 40,000 crore
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