<p>Besides, Industries Minister Murugesh Nirani said the country’s leading bulb and GI pipe manufacturer Surya Roshini has come forward to set up its units in Shimoga. If implemented, these 34 projects will provide employment to about 98,300 persons in the State.<br /><br />He said project proposals of the multinational companies like Easun Reyrole for electrical switchgears in Harohalli industrial area and Starragheckert for aerospace components in Devanahalli aerospace industrial area have also been cleared. Of the 34 proposals cleared, nine are related to iron and steel manufacturing, five sugar, energy and cement four each and one IT/ITES, he added. Nirani said the Government has decided to sign a memorandum of understanding with these companies on the sidelines of the proposed Global Investors’ Meet scheduled to be held in June in Bangalore.<br /><br />Talks with Posco<br /><br />The State government will hold the second round of talks with Korean steel giant Posco in Seoul on April 5 to finalise its proposed plan to set up a steel plant at a cost of Rs 32,000 crore in the State, Nirani said. <br /><br />A seven-member delegation led by the Minister will leave for Seoul. Posco has evinced interest in establishing a six-million tonnes per annum steel plant. The delegation also has plans to tour Singapore on April 7 to hold road shows, showcasing investment opportunities to the prospective investors, ahead of the Global Investors meet, he added.</p>
<p>Besides, Industries Minister Murugesh Nirani said the country’s leading bulb and GI pipe manufacturer Surya Roshini has come forward to set up its units in Shimoga. If implemented, these 34 projects will provide employment to about 98,300 persons in the State.<br /><br />He said project proposals of the multinational companies like Easun Reyrole for electrical switchgears in Harohalli industrial area and Starragheckert for aerospace components in Devanahalli aerospace industrial area have also been cleared. Of the 34 proposals cleared, nine are related to iron and steel manufacturing, five sugar, energy and cement four each and one IT/ITES, he added. Nirani said the Government has decided to sign a memorandum of understanding with these companies on the sidelines of the proposed Global Investors’ Meet scheduled to be held in June in Bangalore.<br /><br />Talks with Posco<br /><br />The State government will hold the second round of talks with Korean steel giant Posco in Seoul on April 5 to finalise its proposed plan to set up a steel plant at a cost of Rs 32,000 crore in the State, Nirani said. <br /><br />A seven-member delegation led by the Minister will leave for Seoul. Posco has evinced interest in establishing a six-million tonnes per annum steel plant. The delegation also has plans to tour Singapore on April 7 to hold road shows, showcasing investment opportunities to the prospective investors, ahead of the Global Investors meet, he added.</p>
