51 projects cleared at SWA meeting

By Our Staff Reporter

BANGALORE, JUNE 30. Fifty-one projects, with an investment of Rs. 702.68 crores, were cleared at the State Government's Single Window Agency meeting here on Friday. The meeting was the last in the series of meetings held after the Global Investors' Meet (GIM).

The Commissioner for Industrial Development and the Director, Industries and Commerce, Mr. V.P.Baligar, told presspersons here on Friday that 250 projects were approved by the SWA and the High-Level Committee (HLC) after the GIM. The projects would bring in investment of Rs. 27,676 crores to the State.

The SWA and the HLC had also cleared 23 tourism projects with an investment of Rs. 66.06 crores and Rs. 1,673 crores, respectively. The projects approved would be given clearance certificates on July 11, Mr. Baligar said.

The SWA had approved 177 projects involving an investment of Rs. 2,191 crores, while the HLC approved 42 projects with an investment of Rs 22,799 crores. Thirty to 40 per cent of the projects were in the Information Technology (IT) sector.

Mr. Baligar said that Friday's meeting was the 200th of the agency after it was established in 1983. The 51 projects cleared included one in the biotechnology field involving the IISc Professor, Ms. Villoo M.Patel, member of the State's Biotechnology Task Force. The Rs 6.9-crore project by Avestha Gengraine Technologies Private Limited involves the production of transgenic crop plants and providing bio-infomatics/biotechnology services to the seed industry.

Fifteen proposals involving an investment of Rs. 307.37 crores were for setting up software technology parks (STPs). Atria Holdings Private Limited would set up a Rs. 49.5-crore STP in Bangalore North taluk, while Krishi Technologies Private Limited would invest Rs. 49.45 crores in an STP at Devasandra Industrial Area, K.R.Puram hobli.

Bharti BT Limited would invest Rs. 41 crores on expanding its telecom/satellite services at Kadugodi Industrial Area, Bangalore. A Rs. 40-crore Cancer Hospital and Research Centre at Begur Hobli, Bangalore, would be set up by Imperial Cancer Hospital and Research Centre Private Limited, and a Rs. 14.55- crore hospital and medical centre would be set up at Belvatha village in Mysore by the Mysore Medical Centre.

Projects involving optic fibre networks and laying of underground fibre optic and co-axial cables in Bangalore, with an investment of Rs. 77.3 crores, were also approved.

Mr. Baligar hoped that the projects cleared would have a success rate of 100 per cent in their implementation, and assured that there would be no "Governmental hindrance of any kind".

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Section  : Southern States
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