Govt okays 25 big projects

Govt okays 25 big projects
Deccan Herald

The high-level Clearance Committee on Industry headed by Chief Minister H D Kumaaraswamy on Friday cleared projects from an array of sectors, including IT, power, tourism, iron and steel, sugar and agriculture, with a potential to create employment opportunities to 7.37 lakh persons.

The state government has given an in-principle approval to 25 mega projects aimed at drawing investments to the tune of Rs 27,661 crore in the state.

The high-level Clearance Committee on Industry headed by Chief Minister H D Kumaaraswamy on Friday cleared projects from an array of sectors, including IT, power, tourism, iron and steel, sugar and agriculture, with a potential to create employment opportunities to 7.37 lakh persons.

The IT sector took the cake with the committee clearing as many as 10 projects with a total investment of Rs 21,844 crore, including a proposal to establish an IT hardware park by Shapoorji Pallonji Company Limited at Devanahalli in Bangalore rural district at a cost of Rs 8,820 crore.

The high-level committee also cleared a proposal by Adarsh Prime Projects Limited to establish an Information Technology/Information Technology Enabled Service (IT &ITES) Special Economic Zone (SEZ) with an investment of Rs 5,867 crore in 1,270 acres located in a site in Sarjapur.

The project proposes to provide employment to 1.35 lakh people.

Several proposals to set up IT & ITES SEZ in and around Bangalore were also cleared by the panel. These include a proposal by Bagamane Developers to establish IT & ITES SEZ at C V Raman Nagar and Doddanakunte in Bangalore with an investment of Rs 889.66 crore and Rs 670.3 crore, respectively.

A proposal by Sapphire Infrastructure Development Pvt Ltd to establish an SEZ with an investment of Rs 2,867 crore on 1,220 acres in Anekal was also cleared by the panel.

A proposal by Cessna Garden Developers to set up sector-specific IT & ITES SEZ with an investment of Rs 506 crore in 47.5 acres in Kadubeesanahalli in Varthur hobli was cleared. IT and ITES SEZ proposals by Tanglin Developments at Pattangere in Kengeri and Dynasty Developers in Varthur were also cleared.

Shapoorji Pallonji Company has proposed to establish an IT campus with an investment of Rs 1,132 crore for IT workplace and commercial and residential purposes in 150 acres in Srirangapatna in Mysore district. The project proposes to provide employment to about 99,000 people. Suzlon Infrastructure has proposed to establish an SEZ for hi-tech engineering products in Padubidri taluk at a cost of Rs 1,000 crore.

The other projects cleared include a proposal to set up a five-star deluxe hotel ‘ITC Gardenia’ by ITC Ltd on their own land at Residency Road, Bangalore (adjacent to Mallya Hospital) at a cost of Rs 300 crore.

The panel cleared a proposal by Gandhi City for Advanced R&D Ltd to establish SEZ infrastructure for R&D centre, university research centre, IT corporate park with residential township with an investment of Rs 2,683 crore in 1,000 acres between Ramanagaram and Channapatna in Bangalore rural district.

Other proposals include a sponge iron plant by Lakhani Belmarks Ispat Gadwal in Raichur at a cost of Rs 246 crore; 1500 TPD Cement plant at Ittina Properties at Gulbarga (Rs 195 crore); yarn processed fabric plant at Hassan by National Textiles Corporation (Rs 165 crore) and green leaf tobacco threshing by ITC at Mysore (Rs 150 crore).