South West Mining Ltd promises to infuse ₹411 crore as Karnataka clears ₹7,660 crore proposals
In a significant development, South West Mining Limited is set to make a substantial impact on the economy of Karnataka. The company’s investment venture in Musinayakanahalli and Torangallu Village, located in the Sandur taluk of Ballari district, promises to infuse ₹411 crore into the region’s industrial landscape while creating employment opportunities for 65 individuals.
The Karnataka government, in its proactive stance towards bolstering the state’s economic growth, has recently granted approval to a total of 91 industrial investment proposals. Collectively valued at ₹7,659.52 crore, these projects hold the potential to generate 18,146 job opportunities across various sectors.
The State Level Single Window Clearance Committee (SLSWCC), led by Minister for Large and Medium Industries, and Infrastructure Development, M B Patil, convened to review and approve these proposals. Among them, 26 projects involving investments exceeding ₹50 crore received the committee’s endorsement, amounting to a total investment of ₹5,750.73 crore and a promising potential of 13,742 job opportunities.
This surge of investments brings a ray of optimism to Karnataka’s industrial landscape, with notable investors like Maruti Suzuki India, Aequs Consumer, Tata Semiconductor, Krypton (India) Solutions Private Ltd, and others making their mark in the region.
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