Karnataka State clears proposal to construct a petrochemical complex

The cabinet of South Indian state of Karnataka has cleared a proposal to construct a Petrochemical Complex near Mangalore. This complex will have an investment outlay of Rs 3,590 crore, is scheduled to be completed by 2026, and will create a job potential for over one million people. Karnataka state will submit its proposal to the Centre at the earliest, following the pace of Gujarat, Andhra Pradesh, West Bengal and Orissa.