K’taka Clears 5 Proposals worth Rs 26,659 Cr including EV, Li-Ion Cell & Battery Manufacturing

The 55th State High-Level Clearance Committee (SHLCC) meeting chaired by Karnataka Chief Minister B S Yediyurappa cleared 5 projects with a total investment potential of Rs 26,659 crore and can generate employment to 13,341 people.

December 22, 2020. By Manu Tayal

The 55th State High-Level Clearance Committee (SHLCC) meeting chaired by Karnataka Chief Minister B S Yediyurappa cleared 5 projects with a total investment potential of Rs 26,659 crore and can generate employment to 13,341 people.

Further, investments cleared in the SHLCC meeting include 2 proposals by Elest Pvt Ltd in Hubli/Dharwad - one worth Rs 14,255 crore on 85 acres of land for electric vehicle (EV) manufacturing, with a potential to generate employment for 867 people, said PTI.

The other is worth Rs 6,339 crore on 88 acres for lithium-ion cells and battery manufacturing unit, which can generate 1,804 jobs.

Also cleared are proposals worth Rs 1,825 crore by Hyunet Pvt Ltd on 300 acres to be allotted by Karnataka Industrial Areas Development Board in Bagepalli taluk of Chikkaballapur district for Lithium batteries and EVs, which can generate 2,210 jobs.

According to the PTI report, investment worth Rs 1,290 crore by Miraculum Green Power Pvt Ltd on 700 acres to be taken on lease at villages in Jagalur Taluk of Davengere district to set up 110 MW hybrid wind-solar power project, with a potential to generate 2,820 jobs.

A proposal worth Rs 2,950 crore by Sanali Power Pvt Ltd on 1,710 acres also taken on lease at villages in Jagalur Taluk of Davengere district to set up a hybrid wind-solar power project, that can create jobs to 5,640 people, added the media reports.

While projects with investments between Rs 15 to 100 crore were cleared by the State Level Single Window Clearance Committee (SLSWCC), chaired by the Minister for Large and Medium Scale Industries, investments above Rs 100 crore are cleared by the SHLCC, chaired by the Chief Minister.

Meanwhile, the SHLCC meet was attended by Large and Medium Industries Minister Jagadish Shettar, Deputy Chief Minister Ashwat Narayan, Gaurav Gupta, Principal Secretary - Commerce and Industries department and other senior officials.

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