High-level panel clears TCS plan to set up IT/ITES SEZ in Bangalore BANGALORE
The Karnataka's State High-Level Clearance Committee (SHLCC) has cleared Tata Consultancy Services' (TCS) proposal to set up IT/ITES SEZ in Bangalore.
TCS is planning to invest Rs 3,400 crore to set up IT/ITES special economic zone on 26 acres in Siddapura and Tubarahalli villages in Bangalore rural district.
Briefing reporters after the SHLCC meet, Mr Murgesh R Nirani, Minister for Large and Medium Industries, said, "The committee, in addition to TCS proposal, has cleared two other SEZ projects to come up in Bangalore and Mysore with an investment of Rs 3,961 crore having employment potential of 33,200 people."
According to market sources, SEZ proposals cleared are of IT major Wipro on 28 acres in Bangalore rural district and of Jubilant on 25 acres in Mysore.
Other projects cleared today are Patel Engineering, which is planning to establish an integrated township in Anekal taluk, Bangalore, urban district with an investment of Rs 2,025 crore.
CEMENT & STEEL
SHLCC has cleared three cement and one iron and steel projects. Investment in cement sector is Rs 6,475.13 crore with employment potential of 1,525 people.
Projects cleared are Reliance Cementation, which is to set up a 5-mtpa cement plant in Sedam taluk, Gulbarga district, with an investment of Rs 2,500 crore.
Shaasta Cement Corporation proposal to set up 3.5-mtpa cement plant in Chincholi taluk in Gulbarga district, with an investment of Rs 2,320 crore has also been cleared.
In iron and steel sector, investment is from JSW Steel which is planning to set up a 'cold-rolled annealed and skin passed coils' unit in Sandur taluk, Bellary district, with an investment of Rs 4,190.40 crore and the employment potential is 1,264 people.
Mr Nirani said "Apart from these investments, SHLCC has also approved six sugar projects with an investment of Rs 999 crore in the districts of Belgaum, Bijapur, Bidar and Raichur, which will offer employment to 1,713 people and is expected to add value to the development of northern parts of the state."firstname.lastname@example.org
Keywords: Karnataka's State High-Level Clearance Committee, IT/ITES SEZ,