An investment proposal by the US semiconductor giant Qualcomm in Bengaluru is among the 62 investments Karnataka’s State level single window clearance committee (SLSWCC) has cleared.
These investments are worthINR 3,607 crore with a potential to add 10,755 jobs, industries minister MB Patil said in a statement.
Qualcomm has proposed its R&D unit at Whitefield in Bengaluru, at an investment of INR 175 crore, projecting 1,553 jobs. The US tech giant already has a R&D unit in Bengaluru and the fresh investment is part of its expansion plans, officials said.
The committee approved eight projects, each with more than INR 50 crore investment, totaling INR 2,088.44 crore. These hold the potential to create 6,360 jobs.
Some of the top investors include Texcon Steels, Hundri Sugars and Ethanol Private Ltd, Bren Life Sciences, Alpine Ethanol, and Virupaksha Laboratories.
Of the total 62 proposals, about 51 investment projects are between INR 15 crore and INR 50 crore totaling INR 941.40 crore, with a potential of adding 4,395 jobs.
Three projects with an additional investment of INR 577.35 crore were also approved by the committee. The committee met on Tuesday, attended among others by Principal Secretary(Industries) S Selva Kumar and Industries Commissioner Gunjan Krishna.
