JK Cement receives approval for Bangalore plant, India
The Bangalore State High Level Committee (SHLC) has cleared a proposal by JK Cement’s (Western) Ltd to establish a cement factory at Chittapur taluk in Gulbarga district. The company would invest INR2,326.65 crore.
The Hindu reports that JK’s cement project is one of 31 proposals across various industries that received clearance from the SHLC yesterday ahead of the state hosting the GIM-2012 Expo at the Bangalore International Exhibition Centre in early June.
“The government has set a target to attract investment of INR5 lakh crore in the GIM-2012, in sectors such as urban development, infrastructure, housing, power, agri-business, tourism, automobile and aerospace engineering and IT/BT, to provide employment to around 10 lakh people,” said a release.