The Karnataka government has recently approved a significant influx of industrial investment, totaling 62 proposals worth Rs 3,607.19 crore. This substantial economic boost promises to create 10,755 jobs within the state. The approvals were granted by the State Level Single Window Clearance Committee, led by the Minister for Large and Medium Industries and Infrastructure Development, M B Patil.
Among these proposals, eight are particularly notable, each envisioning an investment exceeding Rs 50 crore and collectively amounting to Rs 2,088.44 crore. These investments alone are expected to generate 6,360 jobs. Some of the prominent investors in this group include Texcon Steels, Hundri Sugars and Ethanol Private Ltd, Bren Life Sciences, Alpine Ethanol, Virupaksha Laboratories, and Qualcomm India.
In addition to these major projects, there are 51 other investment proposals, each ranging between Rs 15 crore and Rs 50 crore, summing up to Rs 941.40 crore. These are projected to offer employment opportunities for 4,395 individuals within Karnataka. Moreover, the committee also approved three additional projects, representing an investment of Rs 577.35 crore.
This initiative reflects the Karnataka government’s commitment to fostering industrial growth and job creation, thereby bolstering the state’s economic development and attractiveness to investors.