Karnataka's state high level clearance committee on Wednesday cleared Kalyani Steel's INR 12,000 crore carbon alloy steel project and JK Cement's Ltd's INR 2,327 crore new cement plant at its meeting.

A total of 31 projects worth over INR 146,656 crore were cleared by the SHLCC, which was chaired by the Chief Minister, Mr DV Sadananda Gowda. These projects will lead to over 300,000 jobs in the state.

Prominent projects cleared are:\
J K Cement Ltd proposal to set up a plant to produce ordinary Portland cement, Portland Pozzolana cement, Portland slag cement at Chitapur in Gulbarga district with an investment of INR 2,326.65 crore.

Shivashankar Minerals Ltd proposes to set up 3.5 million tonne cement plant at Chincholi in Gulbarga with an investment of INR 2,250 crore.

BMM Isapt plans to set up 3 MW gas based integrated iron and steel plant at Dhanapura Village, Mariiyammanahalli Hobli, Hospet Taluk, Bellary District at a cost of INR 16,229.68 crore.

Kalyani Steel Ltd plans to set up plant to make carbon alloy steel and stainless steel at Yadgir district with an investment of INR 12,000 crore.

Atria Power Corporation, with an investment of INR 4,905 crore, is planning to set up a 5 MW mega solar thermal power units spread over 75 taluks in 13 districts in the state.

Sun Forest City Ventures Ltd is planning to build Project Vayu which will offer a complete ecosystem for aerospace industries in Bangalore Aerospace Park near Bangalore International Airport Ltd at Devanahalli. The project will involve an investment of INR 9,394 crore.

The project will be executed in three phases, spread over 12 years and is likely to offer employment to 242,000 people.

According to the current status, there are 39 projects which have been implemented since the last Global Investors Meet held in 2010 and involve a total investment of INR 5,370 crore.

Source - Business Line

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