Karnataka approves Rs.943-bn investment projects
March 29th, 2010 - 10:11 pm ICT by IANSBangalore, March 29 (IANS) Karnataka Monday approved in-principle 34 projects, ranging from electrical switchgears to aerospace components, with total investment of over Rs.943 billion (Rs.94,300 crore).
The projects, for which memorandum of understanding will be signed at the June global investors meet in Bangalore, will create employment opportunity for over 98,000 people, Chief Minister B.S. Yeddyurappa told reporters.
The proposals include 50 MW solar photo voltaic power project of Moserbaer, electrical switchgears by Easun Reyrole, aerospace components by Swiss firm Starragheckert, and CFL bulbs, energy efficient tube light and LED lamps by Surya Roshini.
The Industrial Finance Corporation of India Limited (IFCI) will establish a “Financial City” near Devanahalli Industrial Area, some 40 km from Bangalore, with an investment of Rs.10 billion (Rs.1,000 crore), Yeddyurappa said.
- Swiss firm to set up machine tools plant in Bangalore - Jan 19, 2011
- Karnataka mulls mandatory use of CFL bulbs - Feb 28, 2011
- TN electricity board distributes electricity appliances to minimise power consumption - Dec 18, 2009
- Karnataka gets Rs.4.3 bn investments in aerospace sector - Feb 13, 2011
- Havells invests Rs.1.2 bn for expansion - Dec 08, 2010
- Energy firm Soham raises Rs.125 crore from SBI fund - Nov 07, 2011
- Karnataka clears 28 projects worth Rs.8,622 crore investments - Jul 14, 2011
- Bangalore gets Rs.4,770 crore for better infrastructure - Feb 24, 2011
- Cabinet clears Rs.7,000 crore to clean Ganga - Apr 28, 2011
- Larsen and Toubro bags Rs.1,210 crore Qatar project - Jul 20, 2011
- France's Thales eyes big in India's metro, rail projects - Apr 25, 2012
- Infosys gets nod for two more centres in Bangalore - May 24, 2010
- Kerala to distribute CFL bulbs to 75 lakh households - Mar 13, 2010
- Karnataka hopes to attract $120 bn in investments - Mar 01, 2012
- Centre approves Rs 7000 crore project to clean Ganga - Apr 28, 2011
Tags: aerospace components, cfl bulbs, chief minister, electrical switchgears, employment opportunity, global investors, ifci, india limited, industrial finance corporation, investment projects, lamps, memorandum of understanding, principle, proposals, rs 1, surya, swiss firm, tube light, voltaic power