Daijiworld Media Network - Bengaluru
Bengaluru, Mar 15: The government of Karnataka has approved industrial investment proposals worth Rs 4,824.31 crore, a move expected to generate 14,525 new jobs across the state, industries minister M B Patil said on Saturday.
According to an official release from the minister’s office, the approvals were granted during the 158th meeting of the State Level Single Window Approval Committee (SLSWCC).
The committee cleared 37 new industrial projects along with two additional investment proposals across 13 districts, including Vijayapura, Bagalkote, Chitradurga, Kolar, and Ramanagara.
“The approved projects in sectors such as IT infrastructure, sugar manufacturing, technical textiles, compressed biogas, aerospace, jewellery production, electronics, software, and five-star hotel construction will generate 14,525 new employment opportunities in the state,” Patil was quoted as saying after the meeting held on Friday.
Project categories and scale
Of the approved projects, 22 fall under major large and medium-scale industrial categories, each involving investments of over Rs 50 crore. These projects together account for Rs 3,908.68 crore in investment and are expected to generate employment for 12,475 people.
In addition, 15 new projects with investments ranging from Rs 15 crore to Rs 50 crore have been approved, representing a combined investment of Rs 350.60 crore and expected to create 1,750 jobs. The committee also cleared two additional investment projects amounting to Rs 565.03 crore, projected to generate employment for around 300 people.
Notable proposals
Among the key proposals approved are projects by Bagmane Constructions Private Limited for IT infrastructure development worth Rs 494.65 crore, Karnataka Bangaru Sugars Pvt Ltd for a sugar manufacturing facility with an investment of Rs 443.50 crore, and Kleine Pax Ltd for a technical textiles unit valued at Rs 376 crore.
Other significant projects include Trishul Buildtech and Infrastructure Pvt Ltd, which plans to invest Rs 300 crore in a five-star hotel, Troult Grass Pvt Ltd, which will establish a compressed biogas (CBG) unit worth Rs 257.77 crore at Mudhol, and Tsuyo Manufacturing Pvt Ltd, which has proposed an electric vehicle motor and controller manufacturing unit with an investment of Rs 250 crore.
Officials stated that the approvals reflect the state government’s continuing efforts to strengthen industrial growth, attract investments, and create large-scale employment opportunities across Karnataka.