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New Industrial Policy will create 20 lakh jobs in 5 years: Minister Shettar


New Industrial Policy will create 20 lakh jobs in 5 years: Minister Shettar
January 20, 2021
Mysore/Mysuru: Karnataka’s New Industrial Policy has aimed at attracting Rs. 5 lakh crore investments that could create employment for 20 lakh people by 2025, said Large and Medium Scale Industries Minister Jagadish Shettar here yesterday.
Releasing the New Industrial Policy 2020-25 handbook here, Shettar said that the State Government has decided to focus more on industrially backward districts, Tier-II and Tier-III cities. Impetus had been given mainly on automobile and spare parts, pharmaceutical, medical and engineering equipment, knowledge-based industries, logistics, renewable energy, aerospace, defence and electric vehicle manufacturing.
To help this, Sec. 79 A and B section in Land Reforms Act had been scrapped to attract more investment in Karnataka. Provision had been made for the business entrepreneurs to directly deal with farmers to buy 54 acres. ....

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Karnataka tops investment proposals amid coronavirus pandemic: Minister


Karnataka Industries Minister Jagadish Shettar on Tuesday said the state ranked first in the country in terms of attracting investment proposals despite coronavirus pandemic related hardship.
He said, according to the Department for Promotion of Industry and Internal Trade (DPIT) of the Ministry of Commerce and Industry, as many as 95 investment proposals have been registered in the state amounting to Rs 1,54,937 crore.
This has made our state the first in the country in terms of investment proposals, Shettar was quoted as saying by his office in a release.
He was speaking after inaugurating a webinar on Procurement of cheaper electricity for industries through open access in Karnataka organised by ASSOCHAM. ....

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Karnataka Government Clears 5 Investment Proposals Worth Rs 26,659 Crore


Karnataka government clears 5 investment proposals worth Rs 26,659 crore
Investments cleared in the 55th SHLCC meeting include two proposals by Elest Pvt Ltd in Hubli/Dharwad, Hyunet Private Ltd in Bagepalli taluk of Chikkaballapur, Miraculum Green Power Pvt Ltd in Jagalur Taluk of Davengere and Sanali Power Pvt Ltd in Jagalur on Taluk of Davengere. 
PTI
Karnataka Chief Minister B S Yediyurappa. (PC- PTI)
The State High Level Clearance Committee (SHLCC) meeting chaired by Karnataka Chief Minister B S Yediyurappa on Monday cleared five projects with an total investment potential of Rs 26,659 crore and can generate employment to 13,341 people.
Investments cleared in the 55th SHLCC meeting include two proposals by Elest Pvt Ltd in Hubli/Dharwad – one include two proposals by Elest Pvt Ltd in Hubli/Dharwad worth Rs 14,255 crore on 85 acres of land for electric vehicle manufacturing, with a potential to gener ....

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