The Karnataka government has approved nine major industrial projects with a total investment of ₹9,823.31 crore, expected to generate around 5,605 jobs. The decision was taken during the 64th State High-Level Clearance Committee (SHLCC) meeting, chaired by Chief Minister Siddaramaiah.
Out of the nine projects, three involve new investments, while six are expansions or amendments to existing plans.
Key Projects Approved
- DN Solutions India Private Limited: ₹998 crore investment at ITIR, Devanahalli, expected to create 467 jobs.
- Silectric Semiconductor Manufacturing Private Limited: ₹3,425.60 crore investment at Kochanahalli, Mysuru, projected to generate 460 jobs.
- Sansera Engineering Limited: ₹2,150 crore investment at Harohalli, estimated to create 3,500 jobs.
The remaining six expansion projects, with a combined investment of ₹3,249.71 crore, are expected to create 1,178 jobs.
Focus on Semiconductor Manufacturing
A key highlight from the approvals is the establishment of Karnataka’s first semiconductor project at the Kochanahalli Electronics Manufacturing Cluster near Mysuru. This marks a strategic step in strengthening Karnataka’s position in electronics and semiconductor manufacturing.
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Operational Timelines Emphasized
During the meeting, Chief Minister Siddaramaiah stressed the importance of adhering to operational timelines for investors acquiring KIADB (Karnataka Industrial Area Development Board) plots. He warned that penalties would be imposed on those failing to meet the prescribed deadlines for operationalizing their units.
Profit-Sharing in the Sugar Industry
In addition to industrial approvals, the Chief Minister highlighted ongoing efforts to introduce profit-sharing arrangements between sugar mills and farmers. He directed officials to study best practices in Maharashtra and Tamil Nadu to implement similar mechanisms in Karnataka.
Boosting Karnataka’s Industrial Landscape
The approved projects span key sectors such as semiconductors, engineering, and manufacturing, reaffirming Karnataka’s status as an industrial and technological hub. These investments are expected to drive job creation, economic growth, and increased industrial productivity in the state.
The Karnataka government remains committed to creating an investor-friendly ecosystem while ensuring timely execution of approved projects.
