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FOR THE STATE: Chief Minister Yeddyurappa announces projects worth worth Rs 138,000 crore.

FOR THE STATE: Chief Minister Yeddyurappa announces projects worth worth Rs 138,000 crore.

Cement to steel, K'taka clears $27.5-bn projects

Karnataka has cleared 38 big-ticket projects worth Rs 138,000 crore ($27.5 billion), and hopes soon to finalise the mega investment proposals from global steel makers ArcelorMittal and South Korea's Posco. Speaking to reporters after a meeting with the chairman of Arcelor Mittal, L N Mittal, Karnataka Chief Minister B S Yeddyurappa said these projects collectively have the potential to generate employment for 92,000 people in the state.

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