The Karnataka government has cleared 10 projects with an investment of over Rs 10,044 crore. The projects are expected to create 14,105 jobs in 10 districts of the state.
With Rs 600 crore, Intel Technology India is to set up its research and development (R&D) centre in Bangalore. About 4,200 people are expected to be employed at the centre. The Karnataka State high-level clearance committee (SHLCC), chaired by Chief Minister Siddaramaiah, cleared the investment proposals.
SHLCC also cleared Khayati Steel Industries Ltd proposal in Mandya to build facility to make TMT bars. The project is worth Rs 235 crore and plans to employ 320 people. Volvo India is setting up a truck and bus manufacturing facility in Malur, Kolar (near Bangalore) with an investment of Rs 974 crore. The facility is likely to give employment to 2,125 people.
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