Karnataka State High Level Clearance Committee (SHLCC) has approved industrial projects worth an estimated investment of 29,679 INR-Crore. The approved investments cover multiple sectors, including aerospace, electronics, IT and ITES, renewable energy, sugar and bioenergy.
Of these projects, Mahindra Aerostructures will invest nearly 2,300 INR-Crore to set up a facility to manufacture aerospace parts and assemblies in Kolar. Meanwhile, Aequs Consumer Products will invest 1,104 INR-Crore to increase manufacturing of components and assemblies for the electronics sector in Dharwad. Vibrancy Real Estate will invest 2,195 INR-Crore to develop IT & ITES Office space in Bengaluru. Toyota Kirloskar Motor will also invest 1,200 INR-Crore to establish a Business Intelligence Hub near the city.
Furthermore, the Karnataka SHLCC (State High Level Clearance Committee) has approved 9 new projects and 8 proposals for additional investments. The new projects include Hero Future Energies investment of 9,760 INR-Crore, while Nirani Sugars will invest 4,062 INR-Crore. TruAlt Bioenergy will invest 2,988 INR-Crore. Moreover, companies like Epsilon and Lighthouse Alternative Assets will invest 1,500 INR-Crore and 600 INR-Crore, respectively.
Also Read: Chhattisgarh Attracts 8 Lakh INR-Crore Investment Proposals, Strengthening Its Industrial Growth Story
Karnataka SHLCC has approved industrial projects for multiple companies, including MSPL, Ensure Reliance Power Solutions, Honda Cars, Bhima Fine Chemicals, Sansera, TVS Motors and Havells India.
Biltrax Construction Data is tracking 65,000+ projects on their technology platform for their clients.
Get exclusive access to upcoming projects in India with actionable insights. Furthermore, gain a competitive advantage for your products in the Indian Construction Market.
Visit www.biltrax.com or email us at contact@biltrax.com to become a subscriber and generate leads.
Disclaimer: The information herein is based upon information obtained in good faith from sources believed to be reliable. All such information and opinions can be subject to change. Furthermore, the image featured in this article is for representation purposes only. It does not in any way represent the project. If you wish to remove or edit the article, please email editor@biltrax.com.
0Discover more from Biltrax Media, A Biltrax Group venture
Subscribe to get the latest posts sent to your email.
