In total 14 projects have been approved at the Karnataka Global Investors Meet being held in Bangalore. An amount to the tune of Rs. 17331 crores will be invested in these projects.
Here are a few of the MOU’s signed with details:
Shree Renuka Infra Projects Limtied
- Proposed investment – Rs.5,500 crores.
- Project Details – To establish 1100 MW Thermal Power Plant.
- Location – Vanatamuri Village, Hukkeri Taluk, Belgaum District.
- Employment Generation – 3,500.
Premium Farm Fresh Produce Limited
- Proposed investment – Rs.110.30 crores.
- Project Details – To setup Private Wholesale Market for Fruits & Vegetables.
- Location – Kakati Village & Hobli, Belgaum Taluk & District.
- Employment Generation – 190.
Vishwaraj Infrastructure Pvt. Ltd.
- Proposed investment – Rs.4,100 crores.
- Project Details – To establish 1000 MW Gas based power plant and Development of Composite Industries.
- Location – Hukeri Taluk, Belgaum District
- Employment Generation – 5,500
Indo Schottle at QuEST SEZ
Automotive components maker Indo Schottle signed an MoU with QuEST Global on Thursday to set up a facility at QuEST’s global SEZ in Belgaum. Indo Schottle will initially invest Rs 20 crore in the centre, which will manufacture and export engine parts, hydraulic components and cold forged components. This marks Indo Schottle’s entry into the aerospace sector.
Hindlaco industries expansion at Belgaum
At Belgaum, Hindalco industries is actively pursuing the expansion of specialty alumina capacity from 149 KTPA to 356 KTPA – more than doubling it. Along with it, they will need to set up a captive power plant and other infrastructural facilities. The overall investment in Belgaum would be to the tune of Rs.500 crores.
To get Instant and Live updates from AllAboutBelgaum please save this number 73386 16624 and send a msg on WhatsApp START AAB.
what is expected period of start project?
Expected period of start of project?
i am happy to heared that Belguam grouth is happning please launch 1 compony near Sankeshwar.
Yes,I feel a good step taken towards employment generation which would have taken 10 yrs.back.
hey guys just checked…. http://www.slideshare.net/guest1d7cce/ill-effects…
I am a staunch believer in development and the power sector is an important factor for industrial development and growth but we need a sustainable model and thermal power plants are bad they may yield immediate results to the power crisis and profits & ROI for investors but the people who are in the neighborhood would suffer and please note, the proposed site for the thermal plant is near Ghataprabha river which is provides drinking water to people of hukkeri, gokak… this would pollute the river and hidkal dam.
There is a proposed micro Hydel projects on they left bank of Hidkal dam..I wouldnt oppose that cause its run of the river and minimal impact on the environment.
1100MW merchant power plant can supply power to any part of india through the open access system but who would suffer and how it can impact our city, district and the environment is of a big concern
It is a good news that so much investment is planned for belgaum. However I feel that Belgaum has far more potential than this. The talent from belgaum is working outside for lack of opportunuties here. Good opprtunities in Begaum will help them take belgaum to greater heights.
Amcha बेळगांव Pragatipatavar gheun jaila amich prayatna karaila havet…
yes dear,
i don't think this is enough for belgaum,
coz belgaum deserve more,
and i am happy that we did`t get any steel & cement projects which damages buty of belgaum
Nice to see so many power projects
nam beLgavi ge oLLe suddi…
Very nice … well now the Karnataka Govt. is concentrating on power crisis will directly boost the economy in the whole district.
way to go Belgaum !