Karnataka approves Rs.2,211 crore investment proposals
The Dollar Business Bureau The government of Karnataka has approved three projects, including Biocon and PepsiCo India, thus committing to a total investment of Rs.2,211 crore. An official release said that Biocon has proposed an investment of Rs.1,060 crore for the manufacturing of monoclonal, injectable and anti-bodies vaccines, in the Anekal Taluk. The project is expected to employ 750 people. In the same way, PepsiCo India is investing Rs.590 crore and has proposed to set up beverage and snack unit at Nanjangud taluk in Mysuru district. This project is expected to employ 900 people. The 44th state level clearance meeting that was chaired by Siddaramaiah, Chief Minister of Karnataka, also approved the expansion project of Manyata Promoters Pvt.Ltd. The additional investment for this project ...
Karnataka eyes over Rs.2.5 lakh cr from global investors meet
The government hopes to mobilise investments in 116 investible projects identified already Source: PTI The CM said that the state would reach the targets set in the new 2014-19 industrial policy, one year ahead of the timeframe Betting big on the upcoming global investors meet, the Karnataka government is looking to attract twice the Rs.1.30 lakh crore investment it has wooed in the last two years. Ahead of the three-day mega event, Invest Karnataka 2016, beginning in Bengaluru on February 3, Chief Minister Siddaramaiah told reporters that with a thriving eco-system for investment the state’s expectations were “realistic”. Several mega investment projects would be announced at the meet. Besides, the government hopes to mobilise investments in 116 investible projects identified ...
