Karnataka Clears 147 Investment Projects Worth ₹6,826 Crore

The Karnataka government has cleared 147 investment projects worth a total of ₹6,825.93 crore. According to state officials, these new developments are expected to generate approximately 18,600 jobs across the state.

The approvals were granted by the State Level Single Window Clearance Committee (SLSWCC). The approved projects span multiple sectors, including food processing, textiles, data centres, semiconductors, electronics system design and manufacturing (ESDM), IT parks, printed circuit board assembly, aerospace, sugar, and general engineering.

MB Patil, State Minister for Large and Medium Industries and Infrastructure Development, noted that a major portion of the development is directed away from the capital region. Out of the total approved projects, 131 will be located in districts other than Bengaluru Urban and Bengaluru Rural, aiming to provide a push to regional industrial growth.

A breakdown of the approvals shows that 36 major projects, each involving investments of more than ₹50 crore, account for ₹4,507.71 crore and are expected to generate 12,074 jobs. Additionally, 108 new projects with investments ranging from ₹15 crore to ₹50 crore will bring in ₹2,238.37 crore and create around 6,526 jobs. The committee also cleared additional investment proposals worth ₹79.85 crore from three existing projects.

Several notable developments were cleared during the committee meetings. In Bengaluru, Advaith Tech LLP received approval for a proposed IT and ITES park with allied infrastructure at Devanahalli, involving an investment of ₹380 crore to create 500 jobs. Vista Spaces Tec Hoodi Private Ltd will develop another IT/ITES park at Doddanekundi in Bengaluru East taluk, committing ₹260 crore and 750 jobs.

Chikkaballapura district's Gowribidanur will host three major projects. These include a 250-tonne-per-day container glass plant by OFB Tech Ltd with an investment of ₹245 crore (400 jobs), a semiconductor and solar cell equipment manufacturing unit by UHP Technologies Private Ltd with ₹200 crore (300 jobs), and an integrated manufacturing facility for interiors, modular fit-outs, and architectural facade systems by Interrni International Private Ltd involving ₹130 crore (600 jobs).

In Mysuru district, FIEM Industries Ltd will manufacture advanced lighting and electronic components at Kochanahalli with an investment of ₹183.06 crore, creating 550 jobs. Arbee Biomarine Extracts Private Ltd will set up an Omega-3 concentrates manufacturing facility at Thandya, involving an investment of ₹129.71 crore and 62 jobs.

Mandya district will see Akshayakalpa Farms and Foods Private Ltd establish a greenfield integrated organic dairy and food processing unit at Bannenahalli in KR Pete taluk, backed by an investment of ₹165.24 crore and 300 jobs. Other regional approvals include Elmeasure India Private Ltd's data centre, energy, and monitoring solutions facility at Badanaguppe-Kellamballi in Chamarajanagar district, involving ₹150 crore and around 500 jobs.

Schneider Electric India Private Ltd will set up a facility at Attibele to manufacture advanced meters, communication gateways, controllers, and relays, with an investment of ₹141.44 crore and 108 jobs. Meanwhile, M S Metals and Steels Private Ltd will expand its capacity and set up a rolling mill at Kunigal in Tumakuru district, involving ₹132 crore and around 350 jobs. In the steel sector, Anantha Steels Private Ltd will invest ₹119.41 crore to generate 154 jobs, while Sri Subramanya Sponge Iron Private Ltd will invest ₹105 crore to create 150 jobs in Ballari.

"The conscious decentralization of industrial investments away from Bengaluru towards districts like Chikkaballapura, Mysuru, and Tumakuru is a positive step for regional economic development. By spreading capital allocation across sectors like IT, semiconductors, and food processing, the state is building a balanced industrial ecosystem that will sustainably create nearly 18,600 jobs and strengthen local supply chains." — Dr. Shishir Gupta, Founder & CEO, StartupLanes