Karnataka approves 147 industrial projects worth Rs 6,826 crore
The approved investments are expected to create 18,600 jobs across the state, with most projects located outside Bengaluru.
The State Level Single Window Clearance Committee (SLSWCC) approved 147 industrial projects involving investments of Rs 6,825.93 crore on Monday, according to The New Indian Express. These projects are expected to generate approximately 18,600 jobs across Karnataka.
Large and Medium Industries and Infrastructure Development Minister MB Patil, who chaired the 161st meeting of the committee, said 131 of these projects will be situated in districts other than Bengaluru Urban and Bengaluru Rural. This is intended to support industrial growth beyond the capital.
The approvals include 36 major projects with investments exceeding Rs 50 crore each, totaling Rs 4,507.71 crore and 12,074 jobs. An additional 108 projects with investments between Rs 15 crore and Rs 50 crore will contribute Rs 2,238.37 crore and 6,526 jobs. The committee also cleared Rs 79.85 crore in extra investments for three existing projects.
The diverse sectors covered include aerospace, sugar, textiles, food processing, data centres, semiconductors, IT parks, and electronics system design and manufacturing (ESDM). Other sectors include general engineering and printed circuit board assembly.
Notable approvals include Advaith Tech LLP's Rs 380 crore IT and ITES park in Devanahalli and Vista Spaces Tec Hoodi Private Limited's Rs 260 crore IT/ITES park in Doddanekundi. In Chikkaballapura, OFB Tech Limited will invest Rs 245 crore in a glass manufacturing plant, while UHP Technologies Private Limited will invest Rs 200 crore in semiconductor and solar cell equipment manufacturing.