Silectric Semiconductor would set up its manufacturing unit at an investment of Rs 3,426 crore project at Kochanahalli, adding about 460 jobs.
This is one of the nine projects approved on Monday by the state high-level clearance committee (SHLCC), chaired by Siddaramaiah. These projects together account for a combined investment of Rs 9,823 crore with a potential to add 5,605 jobs. Three of them are new proposals while the rest are expansions or changes to existing plans.
The CM urged the investors proposing to invest in the KIADB plots to commission their units within the committed schedules. The government would impose a penalty if they fail to meet the commissioning timelines, he added.
DN Solutions India has proposed Rs 998 crore investment at the ITIR, Devanahalli, which would add 467 jobs and Sansera Engineering would invest Rs 2,150 crore at Harohalli, which is estimated to create 3,500 jobs, an official statement from the Industries department said. Industries minister MB Patil and IT/BT minister Priyank Kharge attended the meeting.
The six expansion or amended projects are: Musashi Autoparts India (Rs 123 crore) at Doddaballapura, JSW Cement’s Rs 487 crore project at Toranagal, Ballari, NIDEC Industrial Automation’s Rs 200 crore project at Dharwad, Epsilon Carbon’s Rs 740 crore expansion at Sandur, KB Steels’s Rs 852 crore investment at Hosapete, and Sify Data Managed Services’s Rs 848 crore project at the High-Tech Defence and Aerospace Park in Bengaluru.
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