Karnataka Minister declares investments value Rs 1.5-lakh crore proposed at world meet

Karnataka Medium and Massive Industries Minister Murugesh Nirani on Saturday mentioned proposals for funding to the tune of Rs 1.57 lakh crore had been introduced in the course of the International Buyers’ Meet (GIM) right here.

The three-day GIM concluded on Friday.

Briefing reporters, the Minister mentioned the GIM rose past expectations as plans for a complete funding of Rs 9.82 lakh crore had been made.

“We now have obtained funding proposals to the tune of Rs 9.82 lakh crore (since January this yr) out of which Rs 2.83 lakh crore had been permitted by the single-window/State high-level clearance committee (SWCC/SHLCC) and Rs 1.57 lakh-crore investments had been introduced in the course of the GIM,” mentioned Nirani.

“There are different massive funding proposals that can be cleared by the State high-level clearance committee, headed by Chief Minister (Bommai), within the subsequent three months,” mentioned the Minister.

He mentioned the power sector obtained the main chunk of funding proposals, indicating the federal government’s thrust on various power sources resembling inexperienced hydrogen, inexperienced ammonia, wind, and photo voltaic.

In line with Nirani, 90 per cent of the funding plans had been meant for locations exterior Bengaluru. He mentioned the federal government was encouraging the One District, One Product’ initiative to advertise industries.

Nirani vowed to enhance waterway, airway, railway, and roadway in an enormous approach. Additional, he promised appointing nodal officers to assist the buyers with needed infrastructure, water, energy provide, and expert manpower.

There are eight airports working within the State and three extra would come up quickly, he mentioned.