Across 11 districts in key industrial sectors like renewable energy, automotive and defence electronics, Karnataka clears ₹171.83 billion in investments, unlocking 12,500 employment opportunities.
Karnataka has approved a fresh round of investments worth ₹171.83 billion, expected to create over 12,500 job opportunities across multiple districts. The decisions were taken on Wednesday by two high-level committees led by the Chief Minister Siddaramaiah and Industries Minister M.B. Patil.
According to a report by The Economic Times, the clearances span a range of sectors, with the state’s continued push to boost industrial activity and employment.
The committee, headed by the Chief Minister, approved major proposals in the renewable energy and automotive sectors. Emmvee Energy received the go-ahead for an investment of ₹54.95 billion and ₹13.3 billion for Bosch Automotive Electronics.
Other approvals included two by Dalmia Cement, totalling ₹60.2 billion. Shree Cement also secured approval for a ₹24.06 billion project and ₹1.9 billion for Colortone Textiles.
In addition to greenlighting these projects, the committee extended deadlines for 10 ongoing developments currently at various stages of execution.
Meanwhile, the panel led by Industries Minister M.B. Patil cleared 60 diverse projects. These include proposals in prefabricated construction, bus body manufacturing, aerospace components, and defence electronics.
The approved projects are spread across key industrial zones in the state, including Dakshina Kannada, Tumkur, Kolar, Vijayapura, Chitradurga, Chikkamagaluru, Belagavi, Raichur, Yadgir, Kalaburagi, and Bengaluru Rural.
Speaking on the approvals, Minister Patil reaffirmed the state’s commitment to encouraging high-impact ventures. He said that Karnataka remains focused on facilitating projects that significantly contribute to the economy and workforce development.
The clearances are part of a broader strategy to attract large-scale investments and ensure balanced industrial growth across regions.
State officials noted that the new projects are aligned with Karnataka’s goal of maintaining its position as a leading destination for industry and innovation.
