Wipro, Toyota investment proposals cleared
BANGALORE: IT giant Wipro's proposal to expand its activities in the aerospace engineering sector, Toyota Kirloskar's in car manufacturing and fresh proposals from Mahindra Aerospace for setting up aerospace component manufacturing and US-based Tyco Electronics' to manufacture connector cables were all cleared by the state high level clearance committee (SHLCC) headed by Karnataka chief minister B S Yeddyurappa.
Taking time off from his political troubles, Yeddyurappa on Monday approved 55 projects with an investment of over Rs 38,966 crore, expected to create employment opportunities for 1.01 lakh persons. Of the approved projects, 24are proposed to come up in Bangalore rural and urban districts, with an investment of Rs 10,576 crore.
Wipro aerospace is slated to come up near Bengaluru International Airport (BIA) with an investment of Rs 52 crore, Mahindra's near Kolar with an investment of Rs 284 crore, and Tyco's in the Devanahalli industrial belt with an investment of Rs 595 crore. Toyota Kirloskar plans to expand its unit in Bidadi with an investment of Rs 500 crore.
"The committee has also approved the proposal by noodles maker Indo Nissin, a subsidary of Japan's Nissin Foods, to set up a new manufacturing facility with an investment of Rs 160 crore and Pepsico India's proposal to manufacture non-alcoholic beverages,'' large and medium industries minister Murugesh R Nirani told reporters. Among the approved projects, 10 are in theiron and steel sector, 5 in energy, 4 IT parks and 9 infrastructure development projects.
Next GIM in June 2012
Buoyed by the success of the second edition of the Global Investors Meet (GIM) in June 2010, Nirani announced that the government is planning to conduct yet another GIM in June 2012. "We have received additional investments of Rs 91,810 crore after GIM. The success has prompted us to have another GIM,'' he said.
Taking time off from his political troubles, Yeddyurappa on Monday approved 55 projects with an investment of over Rs 38,966 crore, expected to create employment opportunities for 1.01 lakh persons. Of the approved projects, 24are proposed to come up in Bangalore rural and urban districts, with an investment of Rs 10,576 crore.
Wipro aerospace is slated to come up near Bengaluru International Airport (BIA) with an investment of Rs 52 crore, Mahindra's near Kolar with an investment of Rs 284 crore, and Tyco's in the Devanahalli industrial belt with an investment of Rs 595 crore. Toyota Kirloskar plans to expand its unit in Bidadi with an investment of Rs 500 crore.
"The committee has also approved the proposal by noodles maker Indo Nissin, a subsidary of Japan's Nissin Foods, to set up a new manufacturing facility with an investment of Rs 160 crore and Pepsico India's proposal to manufacture non-alcoholic beverages,'' large and medium industries minister Murugesh R Nirani told reporters. Among the approved projects, 10 are in theiron and steel sector, 5 in energy, 4 IT parks and 9 infrastructure development projects.
Next GIM in June 2012
Buoyed by the success of the second edition of the Global Investors Meet (GIM) in June 2010, Nirani announced that the government is planning to conduct yet another GIM in June 2012. "We have received additional investments of Rs 91,810 crore after GIM. The success has prompted us to have another GIM,'' he said.
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