Karnataka approves Rs 4,824 cr industrial projects, 14,525 jobs to be created

The Karnataka government has approved industrial investment proposals worth Rs 4,824.31 crore that are expected to generate 14,525 employment opportunities across the state, industries minister M B Patil said.

The approvals were granted during the 158th meeting of the State Level Single Window Approval Committee.

According to a release from the minister’s office on Saturday, the committee cleared 37 new industries and two additional investment projects 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,” the release quoted Patil as saying after the meeting on Friday.

Among the approved proposals, 22 are large and medium industrial projects with investments above Rs 50 crore. These projects together account for Rs 3,908.68 crore in investments and are expected to generate employment for 12,475 people.

Another 15 projects involve investments ranging from Rs 15 crore to Rs 50 crore. These projects together amount to Rs 350.60 crore and are expected to create employment for 1,750 people.

In addition, two projects involve additional investments amounting to Rs 565.03 crore and are expected to generate employment for 300 people.

Several major projects were also approved during the meeting. These include Bagmane Constructions Private Limited for IT infrastructure development with an investment of Rs 494.65 crore, Karnataka Bangaru Sugars Pvt Ltd for setting up a sugar factory with an investment of Rs 443.50 crore, Kleine Pax Ltd for a technical textile unit worth Rs 376 crore, and Trishul Buildtech and Infrastructure Pvt Ltd for a five-star hotel project worth Rs 300 crore.

The projects span multiple sectors including IT infrastructure, sugar manufacturing, technical textiles, compressed biogas, aerospace, jewellery production, electronics, software and hospitality. The approvals are expected to support industrial activity and employment generation across several districts in Karnataka.

(With inputs from agencies)