State panel approves 43 projects

BANGALORE: The 27th state high-level clearance committee (SHLCC) which met on Friday approved 43 projects with an investment proposal of Rs 35,785 crore, including three SEZs near Bangalore, s

Published: 14th April 2012 02:20 AM  |   Last Updated: 16th May 2012 07:30 PM   |  A+A-

BANGALORE: The 27th state high-level clearance committee (SHLCC) which met on Friday approved 43 projects with an investment proposal of Rs 35,785 crore, including three SEZs near Bangalore, six sugar mills and two cement plants in parts of north Karnataka.

Briefing reporters after the meeting, Industries Minister Murugesh Nirani said that about 4,83,021 jobs will be generated when these projects would become operational in the next 3-4 years.

In order to speed up project execution and gain the investors’ confidence, the government is issuing orders within 24 hours of SHLCC approval, Nirani said, while claiming to be the first government in the country to do so. The SHLCC cleared three SEZs which would come up in Bangalore Urban and Rural districts. While Austrailian aerospace giant Vyoneeshrosebank Technologies in collaboration with Sunrise Interactive India is setting up its `266 crore aerospace facility at Whitefield in Bangalore, Tata Consultancy Services has proposed to establish an IT/ITES SEZ at Tubarahalli with an investment of `3,400 crore.

Nirani said the government was mulling  over amending the Karnataka Industries (Facilitation) Act to empower state and district-level clearance committees to clear projects with higher investment proposals.

The district clearance committee headed by the deputy commissioner is empowered to clear projects with investment upto `3 crore and the state level committee headed by the minister upto `50 crore. The proposed amendment seeks to up this limit to `15 and `250 crore respectively.

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