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"Rs 25,000-cr projects get Govt nod"
The New Indian Express, Express News Service, October 12, 2005
Toyota to set up car unit
Bangalore: The State High Level Committee (SHLC) headed by Chief Minister Dharam Singh on Monday cleared 24 mega projects worth around Rs 25, 000 crore and with a potential to generate employment for 83, 4000 people.
The investment cleared by the SHLC include 10 steel plants and allied industries, and nine IT and ITES-related projects.
Some of the major projects cleared include an expansion of the existing production facilities of Jindal Vijayanagar Steels Ltd at Torangal in Bellary district, a Toyota-Kirloskar factory to build compact cars at its Bidadi campus on the outskirts of the City, and IT major Wipro’s new projects in Bangalore, among others.
Briefing the media on the decisions of the SHLC, Finance and Industries Minister P.G.R. Sindhia on Tuesday said that the compact car manufacturing unit alone would draw Rs 1, 1147 crore in investment to the State.
This unit will have an installed capacity for manufacturing 1, 50, 000 cars and will be aimed at providing employment to 2,600 people
The committee also cleared a Rs 10, 912-crore proposal from the Jindal Vijayanagar Steel Plant to enhance production capacity from the current 3.8 million tonnes per annum (TPA) to 8 million TPA. The investment would be in two phases, with the first amounting to Rs 6, 242 crore.
Sindhia said that coalition Government had so far cleared 383 projects with an investment of around Rs 77, 460 crore and an employment potential for over 5. 80 lakh persons.
Other projects cleared:
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JSW Steel Ltd (Torangal, Bellary): Manufacture of cold rolled strips/sheets with an investment of Rs 1, 100 crore and jobs for over 280 persons
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Southern Port Terminals Pvt. Ltd (Torangal): Integrated steel lant with Rs, 2805-crore investment and 2, 000 jobs
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D J Projects (Bangalore): Infrastructure facilities for IT industries with Rs 1, 500-crore investment and jobs for 30,000 persons
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Dynasty Developers Pvt. Ltd (Bangalore): IT Park with Rs 697-crore investment and creating 2, 6000 jobs
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i-flex Solutions Ltd (Mysore): Investment of 475 crore and employment for 23, 500 persons
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Wipro Technologies Ltd (Bangalore): TwoSEZsr elated to IT and ITES on Sarjapur road and at Electronics City with a total invesment of Rs 263 crore and creating 7, 800 jobs.
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