Source: http://www.hindu.com/2009/01/29/stories/2009012959420600.htm
BANGALORE: The State High Level Clearance Committee (SHLCC) on Wednesday cleared 15 new projects with a total investment of Rs. 75,541.25 crore.
These projects will come up in 11 districts with an employment potential for 65,932 people.
Chief Minister B. S. Yeddyurappa, who heads the SHLCC, told presspersons that the projects would be implemented in two to six years.
Of the 15 projects, Suzlon Energy’s proposed steel plant in Bijapur district is the biggest with an investment of Rs. 49,720 crore.
The project, to be implemented in four phases, will provide employment to 9,000 persons.
According to Large and Medium Industries Minister Murugesh R. Nirani, this steel plant would have facility to manufacture the equipment required by wind mills, among other things.
This will cater to both the domestic and foreign requirements. Official sources said that Suzlon Energy had indicated that it might require about 6,000 acres of land and that the authorities said that the requirement should be scaled down.
The other prominent projects include Hazira Steel Limited (Essar Steel Karnataka Limited) with an investment of Rs. 17,760 crore to come up in Bagalkot and Brooke Bond Real Estates Private Limited’s projects with an investment of Rs. 1,602 crore to come up in Bangalore Urban district.
The highlight of the clearance provided by the SHLCC on Wednesday is that a major chunk of the investment would be made in northern districts. While north Karnataka will get eight projects with a total investment of Rs. 72,025.25 crore, the southern districts will have seven projects with a total investment of Rs. 3,516 crore.
However, the projects sanctioned to southern districts will create 35,563 new jobs, while the projects in northern areas will provide employment to 30,369 persons.
Of the 15 projects cleared, 10 with an investment of Rs. 70,652.25 crore are in the manufacturing sector and the remaining with an investment of Rs. 4,889 crore are in the service sector.
A majority of the investments are in iron and steel sector (Rs. 71,420 crore), followed by IT /ITES Special Economic Zones (Rs. 2,032 crore), cement (Rs. 1,294 crore), tourism (Rs. 177 crore), sugar (Rs. 151 crore), education (Rs. 145 crore), super speciality hospital (Rs. 125 crore), distillery (Rs. 99 crore) and automobile (Rs. 98 crore). Bijapur district will get the highest investment of Rs. 49,720 crore, followed by Bagalkot (Rs. 17,760 crore), Bellary (Rs. 2,587 crore), Bangalore Urban (Rs. 2,209 crore) and Gulbarga (Rs. 1,445 crore).
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