Top

Before meet, panel clears proposals worth Rs 3,000 crore

Intel India proposes to invest Rs 1,100 crore with an employment potential of 3000.

Bengaluru: The State High Level Clearance Committee chaired by Chief Minister Siddaramaiah on Monday cleared 4 major IT and IT enabled services projects worth Rs 2957.25 crore. Intel India proposes to invest Rs 1,100 crore with an employment potential of 3000.

Velankani Electronics Private Limited, an electronic product manufacturing company, got approval for expanding its existing facility. The expansion plan proposes to create employment for more than 2400 people.

Saltire Developers Private Limited proposed a SEZ for IT and IT services. The company proposes to invest Rs 463 crore and plans to create employment for 25,000. Rathanamahal Properties will invest Rs 365 crore to generate 4650 jobs.

IT Minister S.R. Patil, Industry Minister R.V. Deshpande, Infrastructure Minister Roshan Baig, Agriculture Minister Krishna Byregowda, Chief Secretary Arvind Jadav and senior bureaucrats Ratnabrabha, P.B. Ramamurthy, V. Manjula, Guarav Gupta and Tanusree Deb Barman took part in the meeting held at the Chief Minister's home office ‘Krishna.’

Later in the evening, the Single Window Clearance Cell which deals with projects worth below Rs 100 cr, chaired by IT Minister S.R. Patil, cleared five IT projects with investment of Rs 139.76 crores. (total Rs Rs 3097 crore). These projects aim to generate employment for 39,755 people.

Biggies gracing meet
Ratan Tata, chairman, Tata Trust
Kumar Mangalam Birla, chairman, Aditya Birla Group
Anil D. Ambani, founder chairman, Reliance ADAG
Sajjan Jindal, CMD, JSW Steel
Baba Kalyani, chairman, Kalyani Group
Goutan Adani, founder chairman, Adani Group
A. S. Kiran Kumar, chairman, ISRO,
N. R. Narayan Murthy, co-founder and chairman, Infosys
Azim H Premji, founder chairman, Wipro
Dr Vishal Sikka, CEO, Infosys
Yousuf Ali, MA, CMD, Lulu group, UAE
T. V. Mohandas Pai, chairman, Manipal Global

Jaitley to cut the tape
Union Minister for Finance, Corporate Affairs and I&B, Arun Jaitley, will inaugurate the event and the exhibition will be opened by Mr Nitin J. Gadkari, Union Minister for Road Transport and Highways and Shipping. Chief Minister Siddaramaiah, will preside over the function.

Additional Chief Secretary: Land banks ready
Additional Chief Secretary for Industries and Commerce, K. Ratnaprabha, on Monday asserted that the state government has already created a land bank of 26,268 acres to meet the demands of the corporate sector. She told reporters that the state cabinet had recently decided to hand over 13,000 acres to the Karnataka Industrial Area Development Board. "Land is not a problem," she said.

No compromise on recruiting locals: Siddaramaiah
Chief Minister, Siddaramaiah has declared that the state government would not compromise on the issue of recruiting locals in industries but this exercise will be restricted to lower rank recruitments alone.

Speaking at the editors meeting here, he said, “Our’s is a federal country, we cannot fully insist on 100 per cent recruitment of Kannadigas. As industry needs to recruit highly skilled people, it would not be correct on our part to insist on recruiting only locals. We will insist on recruiting locals in non-technical or non-skilled labour jobs.”

According to him, the new industrial policy envisaged by him, is aimed at attracting at least Rs 5 lakh crore investment in the next three years and ensure direct employment generation for 15 lakh people. “Such being the case, if the state government has direct employment potential of 15 lakh, the majority of the jobs will be for locals only,” he said.

( Source : Deccan Chronicle. )
Next Story