<p>The state government on Friday approved automaker Toyota Kirloskar Motor's (TKM) plan to invest Rs 3,661.5 crore to manufacture hybrid vehicles at its Bidadi facility. </p>.<p>This was one of the 18 projects that were cleared in the 59th State High-Level Clearance Committee (SHLCC) meeting chaired by Chief Minister Basavaraj Bommai. </p>.<p>TKM plans to produce passenger cars with a diversified product profile of hybrid tech and Internal Combustion Engine (ICE) vehicles. </p>.<p>In all, the SHLCC cleared projects worth Rs 34,432.46 crore promising to create 48,850 jobs, the government said in a statement. </p>.<p>"Ethanol, aerospace, semiconductor manufacturing equipment, steel and automobile are some areas in which investment proposals have been given approval," Bommai said. </p>.<p>Some other investment proposals cleared include TruAlt Bioenergy Ltd (ethanol plant, Rs 1,856.47 crore), Applied Materials India (semiconductor, Rs 1,573 crore), Carl Zeiss (spectacle lens, medical equipment, Rs 977 crore), Prakash Sponge Iron (Rs 2,500.09 crore), Emmvee Photovoltaic Power Pvt Ltd (solar power, Rs 232.15 crore), Sri Renuka Sugars Ltd (ethanol, Rs 775.35 crore) and Chidananda Basavaprabhu Kore Cooperative Sugar Factory Ltd (ethanol, Rs 270.36 crore). </p>
<p>The state government on Friday approved automaker Toyota Kirloskar Motor's (TKM) plan to invest Rs 3,661.5 crore to manufacture hybrid vehicles at its Bidadi facility. </p>.<p>This was one of the 18 projects that were cleared in the 59th State High-Level Clearance Committee (SHLCC) meeting chaired by Chief Minister Basavaraj Bommai. </p>.<p>TKM plans to produce passenger cars with a diversified product profile of hybrid tech and Internal Combustion Engine (ICE) vehicles. </p>.<p>In all, the SHLCC cleared projects worth Rs 34,432.46 crore promising to create 48,850 jobs, the government said in a statement. </p>.<p>"Ethanol, aerospace, semiconductor manufacturing equipment, steel and automobile are some areas in which investment proposals have been given approval," Bommai said. </p>.<p>Some other investment proposals cleared include TruAlt Bioenergy Ltd (ethanol plant, Rs 1,856.47 crore), Applied Materials India (semiconductor, Rs 1,573 crore), Carl Zeiss (spectacle lens, medical equipment, Rs 977 crore), Prakash Sponge Iron (Rs 2,500.09 crore), Emmvee Photovoltaic Power Pvt Ltd (solar power, Rs 232.15 crore), Sri Renuka Sugars Ltd (ethanol, Rs 775.35 crore) and Chidananda Basavaprabhu Kore Cooperative Sugar Factory Ltd (ethanol, Rs 270.36 crore). </p>
