128 projects totaling Rs 6,407.82 crores have been approved by the Karnataka State-Level Single Window Clearance Committee (SLSWCC), potentially creating 33,771 jobs throughout the state.
According to a release, the recommendations were approved on Friday by the committee led by Minister of Infrastructure Development and Large and Medium Industries, M B Patil.
Among the notable projects approved by the panel were proposals from Gokula Education Foundation (Medical) and Rashtreeya Sikshana Samithi Trust, both situated in Bengaluru, with plans to invest Rs 415 crores and Ra 484.33 crores, respectively.
The minister stated that the 128 projects will guarantee equal investment throughout the state’s various areas as she presided over the meeting at the Karnataka Udyog Mitra (KUM) office here.
The clearing committee approved 22 projects with a combined investment value of over Rs 50 crores.
If all 22 recommendations are implemented, a total of Rs 4,230.64 crore would be invested, and 24,846 employment might be created.
With the potential to create jobs for 8,425 people, up to 104 additional projects with capital between Rs 15 crore and Rs 50 crore were also approved. These projects are anticipated to draw in investments totaling Rs 2,056.68 crore.
Two of the recommendations that were approved by the committee on Friday call for raising the capital expenditure for already-existing projects. The state will get an investment of Rs 120.50 crore as a consequence of these two plans.
Apart from the massive investment projects that have been authorized in and around Bengaluru, the committee has also accepted bids totaling over Rs 200 crore in other Karnataka districts.
Among the major projects authorized in districts outside of Bengaluru are the Rs 485 crore machined casting project proposed by Jayadi Techmac Private Ltd in Belagavi and the Rs 465 crore mixed-use integrated project invested by Dhariwal Industries Pvt Ltd in Bengaluru Rural.
Three criteria are used by the UN to rank countries: healthcare, education accessibility, and literacy rate. These three factors are used to provide a score to each country, ranging from 0 to 1.
An HDI value of more than 0.8 is often used to classify a nation as developed. Based on the most recent statistics, India ranks 132nd out of 192 nations with a score of 0.633.
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“Emerging” or developing economies include the Philippines, Vietnam, Malaysia, Thailand, China, India, and the Philippines.
