An funding proposal by the US semiconductor big Qualcomm in Bengaluru is among the many 62 investments Karnataka’s State stage single window clearance committee (SLSWCC) has cleared.
These investments are worthINR 3,607 crore with a possible so as to add 10,755 jobs, industries minister MB Patil mentioned in an announcement.
Qualcomm has proposed its R&D unit at Whitefield in Bengaluru, at an funding of INR 175 crore, projecting 1,553 jobs. The US tech big already has a R&D unit in Bengaluru and the contemporary funding is a part of its enlargement plans, officers mentioned.
The committee authorized eight initiatives, every with greater than INR 50 crore funding, totaling INR 2,088.44 crore. These maintain the potential to create 6,360 jobs.
Among the prime buyers embody Texcon Steels, Hundri Sugars and Ethanol Non-public Ltd, Bren Life Sciences, Alpine Ethanol, and Virupaksha Laboratories.
Of the entire 62 proposals, about 51 funding initiatives are between INR 15 crore and INR 50 crore totaling INR 941.40 crore, with a possible of including 4,395 jobs.
Three initiatives with a further funding of INR 577.35 crore had been additionally authorized by the committee. The committee met on Tuesday, attended amongst others by Principal Secretary(Industries) S Selva Kumar and Industries Commissioner Gunjan Krishna.
