Karnataka government clears 5 projects, will create 13,000 jobs

BENGALURU: Five projects with an investment of Rs 26,659 crore have been cleared by the State High-Level Clearance Committee (SHLCC) headed by B S Yediyurappa, Chief Minister, Government of Karnataka. The projects are expected to create employment for 13,341 people in the state.

The SHLCC meet was held on Monday, December 21, where the clearance was given to five companies. Elest Pvt Ltd has planned to set up an electric vehicle manufacturing unit in Hubballi-Dharwad with an investment of Rs 14,255 crore. The unit will be built on 85 acres of land and will create more than 850 jobs. The company has also been provided the permission to create a Lithium-ion cells & battery manufacturing unit on 88 acres in Hubballi-Dharwad with an investment of Rs 6,339 crore. It is expected to generate almost 1800 jobs.

Hyunet Pvt Ltd is cleared to set up a manufacturing plant for electric vehicles and lithium batteries on 300 acres in Chikkaballapura with an investment of Rs 1,825 crore creating 2,210 jobs. Miraculum Green Power Pvt Ltd was given the clearance to set up a wind-solar power project with a capacity of 110-Megawatt (MW) and an investment of Rs 1,290 crore. It will be established in Jagalur taluk of Devanagere and is likely to create 2,820 jobs.

Sanali Power Pvt Ltd will also set up a hybrid wind-solar power project on 1,710 acres of land in Jagalur taluk with an investment of Rs 2,950 crore. This project is expected to create 5,640 jobs.