<p> Karnataka cleared two major business proposals promising investments of about Rs 4,500 crore in Bengaluru.<br /><br /></p>.<p>The State High-Level Clearance Committee, chaired by Chief Minister Siddaramaiah, on Friday approved Oracle’s plan to build a development centre in Bengaluru. The American IT solutions company will invest Rs 2,438 crore.<br /><br />L&T, homegrown infrastructure major, will develop an IT park, also in Bengaluru, investing Rs 800 crore and Rs 1,280 crore on two land parcels.<br /><br />Oracle’s development centre will come up on the Outer Ring Road, between Marathahalli and Sarjapur, Information Technology Minister Priyank Kharge told DH. <br /><br />It will generate 9,697 jobs over three years, he said. The committee also discussed a proposal to set up the Devi City Industrial Park at Belagavi, with an investment of Rs 1,500 crore.<br /><br />Kharge said some departmental approvals were pending. Once they were given, the high-power committee would consider granting approval, he said.</p>
<p> Karnataka cleared two major business proposals promising investments of about Rs 4,500 crore in Bengaluru.<br /><br /></p>.<p>The State High-Level Clearance Committee, chaired by Chief Minister Siddaramaiah, on Friday approved Oracle’s plan to build a development centre in Bengaluru. The American IT solutions company will invest Rs 2,438 crore.<br /><br />L&T, homegrown infrastructure major, will develop an IT park, also in Bengaluru, investing Rs 800 crore and Rs 1,280 crore on two land parcels.<br /><br />Oracle’s development centre will come up on the Outer Ring Road, between Marathahalli and Sarjapur, Information Technology Minister Priyank Kharge told DH. <br /><br />It will generate 9,697 jobs over three years, he said. The committee also discussed a proposal to set up the Devi City Industrial Park at Belagavi, with an investment of Rs 1,500 crore.<br /><br />Kharge said some departmental approvals were pending. Once they were given, the high-power committee would consider granting approval, he said.</p>
