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Now CMs can’t denotify

cmKarnataka Government takes a landmark decision on denotifications.
The Government has put an end to the power enjoyed by the chief ministers to denotify land acquired for public purposes.
The state government has created a three-step process and bestowed the power on the cabinet. The measure is aimed at preventing “unilateral” decisions of CMs to denotify land. “All denotifications will henceforth have to be cleared by a high-level official committee headed by the additional chief secretary before it is placed before the state cabinet for final approval.

Triton Solar  to invest $100m
US-based manufacturer of printable solar cells “Triton Solar” has agreed to invest $100m to open a manufacturing facility in Karnataka. The pact was signed in New York under the aegis of the Invest Karnataka 2016 event, to be held from February 3 to February 5, 2016
The New Jersey-based Triton Solar manufactures printable solar cells, printed lighting and printed batteries.
Under the terms of the agreement signed with the state’s representatives, Triton will build a new nanotechnology-powered solar panel manufacturing plant in the state.
Karnataka’s Industries Minister R V Deshpande said: “Renewable energy is a high potential area for Karnataka.The investment is likely to create 250 jobs in the state.”
The unit will produce printed solar, lighting, and power that can be used for retail signs, promotional signs and restaurant menus etc.
With a life span of about 50,000- 100,000 hours, the products will feature water resisting capabilities.
The investment is the result of a high-level delegation Deshpande led to the US as well as France ahead of Invest Karnataka, the government’s flagship global investors meet scheduled to be held in Bengaluru in February. The government also secured an agreement with the city of San Francisco to promote women entrepreneurs.
In France, Karnataka signed an agreement with Paris-based Reitzel Group to expand its gherkin production plant in Tumakuru, about 70 kms from Bengaluru, with an investment of Rs 21 crore that will create 50 new jobs in addition to the 200 existing jobs.

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