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Karnataka clears 5 projects

The Karnataka government on Wednesday cleared five major projects involving an investment of Rs. 2,049.75 crore.

A State High-Level Clearance Committee (SHLCC) meeting presided over by Chief Minister Siddaramaiah approved investment of Rs. 1,325 crore in textiles by Himatsingka Siede Ltd.

The investment would expand the company’s business in Hassan. Other major investment projects cleared by the committee are Stelis Bio Pharma Pvt. Ltd. (Rs. 248 crore) in Bengaluru Rural district; Harsha Sugars Ltd. (Rs. 213 crore) in Belagavi district; Auric Industries Ltd. (Rs. 156.25 crore) in Raichur district, and Cheers Breweries (Rs. 107.50 crore) at Nanjangud in Mysuru district. The five projects would generate employment to 3,532 persons.

In 2014-15, the State government cleared 108 projects involving investment of Rs. 54,433.01 crore, which would generate employment to 56,101 persons.

The Chief Minister has allowed participation of a delegation of women from the State in the WEConnect’s International Conference and Business Fair at Austin, Texas. The international meet would be held from June 23 to 25 at the Austin Convention Center.

Considering the potential of women entrepreneurs from the State, the Chief Minister has for the first time approved a delegation led by K. Ratna Prabha, Additional Chief Secretary, Commerce and Industries Department.

The delegation consists of 22 members, including 19 women entrepreneurs from FKCCI, Bengaluru; eMERG, Bengaluru, and KCCI, Hubballi.

Ms. Prabha said, “The delegation will apprise US-based MNCs of investment opportunities in Karnataka and prospects for women entrepreneurs. Also, the delegation will get an opportunity to network with various business organisations/industries and it will invite investors to invest in Karnataka with joint ventures between women-to-women entrepreneurs,” she said.


Rs. 2,049, they will provide jobs to 3,532 persons
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