Karnataka government allocates 234 acres for electronic manufacturing cluster and semiconductor units, aiming for Rs 1000 crore investment and creating 4000 to 5000 jobs.
Karnataka Industrial Area Development Authority is developing an industrial layout in Kochanahalli, just a few kilometres from Thandya and Immavu in Nanjangud taluk of Mysuru district.
The State government has designated 234 acres of land at Kochanahalli near Kadakola to establish an electronic manufacturing cluster (EMC) and semiconductor units. This initiative forms part of the second phase of developing the Tandya and Kadakola industrial areas. A public hearing for the Environmental Impact Assessment (EIA) is scheduled for July 8, 2024.
The project anticipates attracting investments totalling at least Rs 1000 crore, potentially generating between 4000 and 5000 jobs. Additionally, more than 1000 students can undergo apprenticeship training, enhancing local skill development.
In addition to local electronic firms in Mysuru looking to expand, a Hyderabad-based entrepreneur has expressed strong interest in investing between Rs 800 crore and Rs 1000 crore in the city. This entrepreneur has thoroughly surveyed the industrial area to evaluate the feasibility of establishing their unit, which requires nearly 50 acres of land. This potential investment significantly boosts Mysuru’s industrial landscape, promising economic growth and potentially creating numerous job opportunities in the region.
According to Suresh Kumar Jain, the general secretary of Mysuru Industries Association, the Karnataka Industrial Area Development Board currently offers industrial plots ranging from half an acre to 10 acres for allocation.
Jain noted that two prominent players in the electronics sector have shown significant interest in setting up operations. Their proposals have swiftly received approval through the Single Window Clearance system, aimed at streamlining processes and minimizing the time required for project initiation. This proactive approach is expected to catalyze regional industrial growth, attracting further investments and bolstering the local economy.
