Investments running up to ₹26,659 crore cleared in Karnataka
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CM B.S. Yediyurappa launched an affidavit-based clearance system under the Karnataka Facilitation Act
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CM B.S. Yediyurappa launched an affidavit-based clearance system under the Karnataka Facilitation Act A meeting of the State High-Level Clearance Committee (SHLCC), chaired by Chief Minister B.S. Yediyurappa, on Monday cleared investments totalling ₹26,659 crore. These investment proposals are expected to generate 13,341 jobs.
According to the Industries Department, Boeing India Pvt. Ltd. is to invest ₹1,152 crore on 36.5 acres at the Aerospace Park in Bengaluru.
Elest Pvt. Ltd. will invest ₹14,255 crore on 85 acres in Hubballi-Dharwad to establish an electric vehicle manufacturing unit. The proposed unit is expected to generate employment for 867 persons. In another project, Elest Pvt. Ltd. is also to invest ₹6,339 crore on 88 acres in Hubballi-Dharwad to set up lithium-