Five projects have been given clearance in Karnataka, involving investment of about Rs 26,659 crore, which is hoped to create jobs for over 13,000 people.
Elest will invest over Rs 14 crore to set up an electric vehicle manufacturing unit in Hubballi-Dharwad, which will offer jobs to about 867 people. The same Company will also invest over Rs 6,000 crore to set up a unit to manufacture lithium-ion cells and batteries in the same area. This will give a means of income to about 1,800 people.
A second company, Hyunet, will establish plant to manufacture lithium batteries and electric vehicles in Chikkaballapura, at a cost of about Rs 1,825 . This unit will create job opportunities for over 2,000 people.
Hyderabad-based company, Miraculum Green Power has received approval to set up a 110-MW hybrid wind solar power project at a cost of about Rs 1,290 crore, in Jagalur, Davanagere. This in project is expected to provide employment to over 2,800 people.
Yet another company from Hyderabad, Sanali Power, will invest almost Rs 3,000 crore on a hybrid wind solar power project in Jagalur, Davanagere, which will provide a means of livelihood to more than 5,000 people.
The clearance for all these projects was given by the State High-Level Clearance Committee (SHLCC) of Karnataka.
Value our content... contribute towards our growth. Even a small contribution a month would be of great help for us.
Since eight years, we have been serving the industry through daily news and stories. Our content is free for all and we plan to keep it that way.
Support HRKatha. Pay Here (All it takes is a minute)
