The Karnataka government has approved 6 investment proposals worth Rs.23,383 crore, including one of Kirloskar Toyota Textile Machinery Private Limited at a high-level meeting chaired by chief minister, Siddaramaiah.
The decision comes ahead of the state’s global investor summit scheduled for next month.
The new investments can potentially create over ten thousand jobs. The investments include six proposals, three greenfield projects and three proposals for capacity expansion of existing units.
The meeting approved Kirloskar Toyota Textile Machinery Private Limited’s proposal to ramp up its production capacity of textile machinery and diesel engines at its plant in Anekal taluk of Bengaluru Urban district with an investment of Rs 150 crore.