60 projects worth Rs 58,517 cr okayed

The projects include two software development centres by the Infosys Technologies in Bangalore and a currency note paper manufacturing unit by the RBI in Mysore. Minister for Industries Murugesh Nirani, briefing the media after the meeting, said the projects had potential to create 3,07,205 jobs. The project promoters would sign memorandum of understanding with the government during the global investors’ meet scheduled for June 3 and 4. The companies have time of two years to make their projects operational.

The Infosys Technologies would set up a software development centre in 365 acres on Sarjapura Road at a cost of Rs 2,250 crore. The centre would generate 18,000 jobs. The software company would set up one more centre at the Devanahall Industrial Area at a cost of Rs 710 crore. Nestle India Limited is coming up with a unit producing instant noodles and mixed condiments in an area of 350 acres in Mysore with the total investment is Rs 349.23 crore.

The RBI would set up a currency note paper manufacturing unit in Mysore at a cost of Rs 694.94 crore and provide employment for 350. The committee had cleared 14 power projects with total capacity of around 6,000 MW. Of the 14, four each are thermal and gas based projects. Another six projects will generate power through non-conventional methods.

Nirani said there would not be shortage of power for the projects coming up. Many mega projects would come up with captive power generation units. They would generate power more than they required. The Water Resources Department would assess the requirement of water for each project and make necessary arrangements to fulfill the need.

The minister said that preparations for the global investors’ meet was on in full swing. The government had made arrangements for 3,000 investors assemble at the place. Industrialists Laxmi Mittal, Kumara mangalam Birla, Azim Premji, Sajjan Jindal, Vijay Mallya, Krish Gopalakrishna, Devi Prasad Shetty would attend the inauguration of the meet.

DH Newsletter Privacy Policy Get top news in your inbox daily
GET IT
Comments (+)