Karnataka Approves 4,824 Crore Investment Proposals, Expected to Generate 14,525 Jobs

Karnataka Approves ₹4,824.31 Crore Investment Proposals

The Karnataka government has approved investment proposals worth ₹4,824.31 crore that are expected to generate 14,525 jobs across the state. The approvals were granted at the 158th meeting of the State Level Single Window Approval Committee (SLSWAC), which cleared 37 new industrial projects and two additional investment proposals across 13 districts, including Vijayapura, Bagalkot, Chitradurga, Kolar, and Ramanagara.

The approved projects span various sectors, including IT infrastructure, sugar manufacturing, technical textiles, compressed biogas, aerospace, jewellery production, electronics, software development, and five-star hospitality. The investments are expected to strengthen Karnataka's industrial ecosystem and create employment opportunities across multiple districts.

Notable Investments

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• Bagmane Constructions Pvt Ltd has received approval to invest ₹494.65 crore for IT infrastructure development.
• Karnataka Bangaru Sugars Pvt Ltd will invest ₹443.50 crore to set up a sugar manufacturing unit.
• Kleine Pax Ltd plans to establish a technical textiles unit with an investment of ₹376 crore.
• Trishul Buildtech and Infrastructure Pvt Ltd has been cleared to invest ₹300 crore in a five-star hotel project.
• Troult Grass Pvt Ltd will invest ₹257.77 crore to set up a compressed biogas (CBG) unit in Mudhol.

Breakdown of Approved Investments

• 22 major large and medium industrial projects with investments above ₹50 crore, accounting for ₹3,908.68 crore in investments and expected to generate employment for about 12,475 people.
• 15 new projects with investments ranging between ₹15 crore and ₹50 crore, totaling ₹350.60 crore and expected to create around 1,750 jobs.
• Two additional investment proposals amounting to ₹565.03 crore, expected to generate employment for about 300 people.