The Karnataka government on Wednesday approved three projects, including that of PepsiCo India and Biocon, committing total investment of Rs 2,211 crore. Biotechnology major Biocon has proposed an investment of Rs 1,060 crore for the manufacture of injectables, monoclonal and anti-bodies vaccine at Anekal taluk. PepsiCo India Holdings Pvt Ltd proposes to set up beverages and snacks manufacturing unit with an investment of Rs 590 crore, employing 900 people, at Nanjangud taluk in Mysuru district. With an investment of Rs 561 crore Manyata will develop Information Technology Park and allied infrastructure; hotel, convention centre, retail and commercial space at Nagavara, Rachenahalli and Thannisandra villages in Bengaluru. It is expected to employ about 750 people, an official release said.

Source: dna May 25, 2016 10:08 UTC